Question

Write an article on chpter 2 people as resource

Answer 1

People who are part of the workforce are called human resource. By contributing in productivity, the human resource plays a significant role in the economy of a country. Any other resource becomes useful only because of the input by the human resource.

Investment in human capital yields a return like investment in other resources. Investment in human capital is done through education, training and healthcare. A person with better education usually earns better than an uneducated person. Moreover, a healthy person is more productive than an unhealthy person.

Educated parents understand the value of education and hence invest in their child’s education to secure a better future for the child. Educated parents also take extra care of the health and nutrition of their child. This creates a virtuous cycle of creating a better human capital.

Uneducated parents are unable to invest on education and healthcare of their children. This creates a vicious cycle in which the coming generation is often forced to remain poor.

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