write a note on human resources
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human resources are very important as humans are assest it is only with human help other resources can be developed. How much%human resources is developed in country the economic growth also occurs.
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H U M A N R E S O U R C E ::
- Human resources are also called as human capital.
- It refers to the stock of productive skills and productive abilities embodied in the working population of the country.
- We must not confuse Physical Capital with the Human Capital.
- Physical capital refers to the assets which are used in the process if production. Human capital on the other hand, is a stock of knowledge, skill and abilities of the people which can be used in the process of productions.
- Example - Machine is a physical capital, while the skill of an engineer to make machine is a human capital.
- Thus, Physical capital is the consequence of human capital.
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