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Question
Why human resources is considered as the foremost resource of any country?
Short/Brief Note
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Solution
- 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]
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