‘People as a resource’ is a term that means how the population can be an asset and not a liability. It is a way of referring to the working class of society in terms of their existing productive skills and abilities. The population becomes human capital when an investment is done in the form of education and training. Education and health also help human beings to be an asset to the economy. Thus, people as a resource refers to the working population that results in the development of society.
Answered by Vishal kumar | 2 years agoWhich capital would you consider the best — land, labour, physical capital and human capital? Why?
Can you imagine some village which initially had no job opportunities, but later came up with many?
Can you suggest some measures in the education system to mitigate the problem of educated unemployed?
In which field do you think India can build the maximum employment opportunity?
Why is educated unemployed, a peculiar problem of India?