summary on people as resource
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Answer:
People as Resource' is a way of referring to a country's working people in terms of their existing productive skills and abilities. Human resource is an asset for the economy rather than a liability. Population becomes human capital when there is investment made in the form of education, training and medical care.
What do you understand by 'people as a resource'? Answer : 'People as a resource' is a way of referring to a country's working peooie in terms of their existing productive skills and abilities. Because the humans contribute to GDP, they are also considered as a resource.
people is a resource but how?
People become resource by using their skills, knowledge, productivity and abilities.When human resources is further developed by becoming more educated and healthy,we call it human capital formation. People are itself resources.(They are the most important productive resource.)
5 types of resources may help u understand....
The following are the four basic types of economics resources:Land – natural resources such as iron ore, gold, diamonds, oil, etc.Labor – human resources such as wage-earning workers Capital – plants and equipment used in the production of final goods, such as assembly lines, trucks, heavy duty machinery, factories, ...
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