Questions:-
1. Why are humans called the most important resource of production?
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2. What do you understand by ‘human capital’?
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3. What is the ‘working population’ of a country?
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4. How do the schools, hospitals, colleges and good public facilities affect our lives? Explain with the
examples around you.
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5. Does the investment on human is same as the investment on land and capital? Support your
answer with suitable arguments.
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Answers
1.The human resource plays a significant role in the economy of a country by contributing to productivity. The other resource becomes useful because of the input by the human resource. Investment in human capital yields a return and it is done through education, training, and healthcare.
2.Human capital is an intangible asset or quality not listed on a company's balance sheet. It can be classified as the economic value of a worker's experience and skills. ... So the more a company invests in its employees (i.e., in their education and training), the more productive and profitable it could be.
3.Working population may refer to the population employed in a specified occupation or to the total population of a country who are employed and looking for employment. The term on a country level usually covers all people between 15 and 65 years old.
4.The public facilities network has always played a crucial role within the urban environment, as it not only provides citizens with the services they require (such as education, health, commerce, etc.), but it also increases the attraction potential of the public space itself, by animating the otherwise barren built ...
Some of the important public facilities include infrastructure, sanitation, public transport, health care, water, etc. The government's main objective is to provide these public facilities to citizens and businesses to manage social and economic activities more smoothly.
5.Human capital is an intangible asset not listed on a company's balance sheet and includes things like an employee's experience and skills. Since all labor is not considered equal, employers can improve human capital by investing in the training, education, and benefits of their employees
Answer:
1.The human resource plays a significant role in the economy of a country by contributing to productivity. The other resource becomes useful because of the input by the human resource. Investment in human capital yields a return and it is done through education, training, and healthcare.
2.Human capital is an intangible asset or quality not listed on a company's balance sheet. It can be classified as the economic value of a worker's experience and skills. ... So the more a company invests in its employees (i.e., in their education and training), the more productive and profitable it could be.
3.Working population may refer to the population employed in a specified occupation or to the total population of a country who are employed and looking for employment. The term on a country level usually covers all people between 15 and 65 years old.
4.The public facilities network has always played a crucial role within the urban environment, as it not only provides citizens with the services they require (such as education, health, commerce, etc.), but it also increases the attraction potential of the public space itself, by animating the otherwise barren built ...
Some of the important public facilities include infrastructure, sanitation, public transport, health care, water, etc. The government's main objective is to provide these public facilities to citizens and businesses to manage social and economic activities more smoothly.
5.Human capital is an intangible asset not listed on a company's balance sheet and includes things like an employee's experience and skills. Since all labor is not considered equal, employers can improve human capital by investing in the training, education, and benefits of their employee