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What does the term "human resources" mean in economics?

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Question

What does the term "human resources" mean in economics?

Options

  • Machines and raw materials

  • People aged between 15 and 65 years with skills, education, and health

  • Money invested in industries

  • Buildings and infrastructure

MCQ
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Solution

People aged between 15 and 65 years with skills, education, and health

Explanation:

Human resources refer specifically to skilled, educated, and healthy people who can contribute to economic development.​

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