Question

what do you mean by people as a resource or how is human resource different from other resources like land and physical capital

Answer 1

People who are part of the workforce are called human resource. By contributing in productivity, the human resource plays a significant role in the economy of a country. Any other resource becomes useful only because of the input by the human resource.

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.

Answer 2

Question :-

How is human resource different from other resources like land and physical capital?

Answer :-

1. Land and other resources are fixed, limited and specified whereas human resources can be nurtured through education and health.

2. Human resources can bring a change in other resources whereas other resources can not change or affect human resource.

3. Human resource can make use of land and physical capital whereas land and physical capital can not become useful on its own.

Hope it helps ❤ Mrk as brainliest