Question

what is meant by people as resource? explain how is human resource differeent from other resources like land and physical capital?

Answer 1

Hey mate here is your answer...
People as a resource is a way of referring to the country's working population in terms of their existing productive skills and abilities.
Human resource is different because, it makes use of other resources like land and physical capitals to produce an output. The other resources cannot become useful on their own.

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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.

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