The impact of skilled human resources on the socioeconomic development of a country
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Answer:
The term skilled gained much importance in todays world. Due to globalisation, employers are looking for skilled resources which increases the efficiency and bring good results .
SocioEconomic prospective- The GDP growth increases because the skilled human resources bring much development and advancement in all fields.
Skilled human completes the work in less time with limited resources. Using resources in limit makes a country developed sustainably.
The skilled human earns good income with which the standard of living increases in the society. The more standard of livings shows the condition of a country. Moreover the spendings increases , which is necessary to increase demand which agaain helps in more production.
If he/she saves , it helps the nation in investment.
The richness of a country is decided based on its living conditions of its people, percapita income , good healths conditions etc.