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Human resource is indispensible factor of production .why?

Posted by Anjali Bisht 6 years, 10 months ago

CBSE > Class 09 > Social Science

1 answers

Yogita Ingle 6 years, 10 months ago

Human resource is the indispensable factor of production. This is because :-
1)Land and other resources are specified, fixed or limited but human resources can be nurtured through education and health.
2)Human resources can bring change in other resources, while other resources cannot change or affect human resources.
3)Human resources can make use of land and capital. Land and capital cannot become useful on its own.

1Thank You

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CBSE > Class 09 > Social Science