Question

'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? j​

Answer 1

1-Human resource is different from other resources in many senses. Human resources need education, training and healthcare to develop. On the other hand, land and physical capital need money and physical inputs to develop. Land and physical capital are useless without human resources.

2-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'.