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Explain people as resources and source …

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Explain people as resources and source of human capital formation

Posted by Oti Pullom 5 years, 2 months ago

CBSE > Class 09 > Social Science

1 answers

Yogita Ingle 5 years, 2 months ago

‘People as Resource’ is a way of referring to a country’s working people in terms of their existing productive skills and abilities. Human resource is an asset for the economy rather than a liability. Population becomes human capital when there is investment made in the form of education, training and medical care. In fact, human capital is the stock of skill and productive knowledge embodied in them.

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CBSE > Class 09 > Social Science