Why is human resource the most important resource? Give relevant examples to support your answer. Differentiate between the two parts of economic activities.
Answers
Answer:
Human resource is considered to be the best resource because humans can make the best use of the resources if they have knowledge, education and technology to do so. ... In fact human resources are superior to other resources such as land and capital because they make use of land and capital.
These activities are broadly classified as economic and non-economic activities. While economic activities are those conducted with an aim of earning money or acquiring wealth, non-economic activities are performed free of cost, with service motive.
Answer:
Human resource refers to the people who are part of the workforce. The human resource plays a significant role in the economy of a country by contributing to productivity. The other resource becomes useful because of the input by the human resource.
Investment in human capital yields a return and it is done through education, training, and healthcare. It is truly known that a person who is educated earns better than an uneducated person. Also, a healthy person is much more productive than an unhealthy person.
Explanation:
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