'People as Resource' is a way of referring to a country’s working people in terms of their
existing productive skills and abilities. Looking at the population from this productive
aspect emphasises its ability to contribute to the creation of the Gross National Product.
Like other resources population also is a resource — a 'human resource'. This is the
positive side of a large population that is often overlooked when we look only at the
negative side, considering only the problems of providing the population with food,
education and access to health facilities. When the existing 'human resource' is further
developed by becoming more educated and healthy, we call it 'human capital formation'
that adds to the productive power of the country just like 'physical capital formation'.
Q-1. How is human resource different from other resources like land and physical
capital?
Q-2. How does education and health add to the productive power of human resource?
Answers
Answer:1.Human resource is different from other resources in many senses. Human resources need education training and healthcare to develop. ... Human resource makes use of other resources like land and physical capital to produce an output. The other resources cannot become useful on their own.
2.When the existing ‘human resource’ is further developed by becoming more educated and healthy, we call it ‘human capital formation’. Human capital adds to the productive power of the country. It is the stock of skills and productive knowledge embodied in them.
Question :-
How is human resource different from other resources like land and physical capital?
Answer :-
1. Land and other resources are fixed, limited and specified whereas human resources can be nurtured through education and health.
2. Human resources can bring a change in other resources whereas other resources can not change or affect human resource.
3. Human resource can make use of land and physical capital whereas land and physical capital can not become useful on its own.
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