Why human resources is considered as the foremost resource of any country?

Short/Brief Note

Human resource is necessary for the progress of any country.
Human resource refers to people who have the manpower which can be utilized in the production sector.
Therefore investment in human resources (education and health) can give a high rate of returns in the future.
Now the economists have realized that investment in human capital is as important as investment in physical capital.

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Indicators of Economic Development

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Chapter 4.01: Understanding Development: Perspectives, Measurement and Sustainability - Exercises [Page 292]

Chapter 4.01 Understanding Development: Perspectives, Measurement and Sustainability
Exercises | Q IV. 4 | Page 292

The term ‘Human resources’ refers to.

Which one of the following country is not a member of SAARC.

Assertion (A): Human resource is necessary for the progress of any country.

Reason (R): Investment in education and health of people can result in a high rate of returns in the future for a country.

Among the following states which state have the literacy rate (2011) higher than national average.

The headquarters of HRD Ministry is in ______.

Match the following

What are the indicators of development?

Why NNP is not considered as a useful measure to compare a country’s development with other countries?

Expand the HDI.

Expand the NNP.