Question

Population can be turned into production exes for a country by investment in human capital formation analyse the statement in five points

Answer 1

Human resources is the concept that sees the population as more asset than the obligation on the economy. As a result of investing in education training and medical services the population is transformed into human resources. HR is the capital which can be used in production. It is a repository of human capital skills and the knowledge of production in them. It is a formula to recognize the link between talented and engaged people and organizational success. It is affiliated with industry / organizational psychology and theory related concepts. Based on the context of human resources, two interpretations are available.

The original meaning of political economy and economics it was taken, where traditionally the four factors of production, one of the workers was called Even so, this approach is changing ongoing research into new and strategic approaches at the national level. [1]The first method is mostly used as the term 'human resource development' and it can only be started from organizations and nationally. It is traditionally associated with a person special in the corporation and business (which works in that firm or agency), and that part of the company that is related to appointment, removal, training and other personal issues, which is generally Known as "human resources management", used to be used. This article is related to both definitions