Question

what do you understand by people as a resource

Answer 1

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.

Answer 2

‘People as a resource’ is a term that means how the population can be an asset and not a liability. It a way of referring to the working class of society in terms of their existing productive skills and abilities. The population becomes human capital when an investment is done in the form of education and training. Education and health also help human beings to be an asset to the economy. Thus, people as a resource refers to the working population that results in the development of society.