What do you understand by people as a resource
Answers
Hi mate!
Here's ur answer!
'People as Resource' is a way of referring to a country's working people in terms of their existing productive skills and abilities. Looking at the population from this productive aspect emphasises its ability to contribute to the creation of the Gross National Product.
Hope it helps u mate!
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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. Looking at the population from this productive aspect emphasises its ability to contribute to the creation of the Gross National Product.
When we talk of 'people as a resource', we refer to the working people of the country with respect to their various abilities and skills.
It forms a factor of production and can be developed by education, skill training programs, and ultimately it turns into human capital. It is also considered to be superior to the other factors of production as they utilise the land and other factors for production.
Hope it is helpful.
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