Question

What do you understand by people as a resource

Answer 1

Answer:

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.

Answer 2

People as a resource is considered as the working people of the country.

Explanation:

• Country's working people is referred to as the resource of any country.
• The  productive skills and abilities and the humans contribute to Gross Domestic Product (GDP), so that they are considered as resources.

• The population of the country becomes human capital and the investment is done on the people remains in the form of education and training.

• Population can be an asset and not a liability so that people as a resource'.
• Referring 'People as Resource' is a way to address country's working people to judge existing productive skills and abilities.

• People are called human resource. who are part of the workforce of any country.

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