Question

why is human resource more superior than land and capital? Explain by giving examples.



why is human resource more superior than land and capital explain by giving examples

Answer 1

Education is an important input for the growth of an individual.It plays a major role in capital formation, that adds to the productive part of the country.It helps a person to realize his potential and the ability to do a work.Educated people gain through higher incomes.Society also gains through other indirect ways because the advantages of a more educated population spreads to those who themselves are not directly educated.

Answer 2

hey mate!

Human resources make use of other resources like land and physical capital to produce an output. The other resources cannot become useful on their own. This is the reason why human resource is more superior than land and capital. For example, if someone want to establish a new industry or shop he/she requires land and physical capital! land and physical capital cannot be useful without humans!

hope it was helpful!