people as a resource
Answers
People are a nation's greatest resource. Nature's bounty becomes significant only when people find it useful.Therefore,people are the ultimate resources.
People are considered to be an important resource or factor of production in every sector in the economy.People or human resource basically comprises of all the skills and knowledge by the human employee in any industry.
Explanation:
Human resource fundamentally refers to the skills,talents and knowledge contributed by human labor in the production process in any industry.Proper education and specialized training can make the human resource more effective in the production and thus people resource can be considered as an invested asset that can be utilized for long term.Human resource can also make other factors/inputs of production more productive as any other resource such as land,physical capital,machinery etc cannot operate without any human/human intervention.Hence,human resource requires proper education and practical training to operate in various industries in the economy in order to be an important asset.No economy in the world can operate even at the basic level without people or human resource/labor.