People as A Resource
Question Answers
Question 1: What do you understand by people as a resource?
Answer: People as a resource refers to a country is working for population in terms of their existing productive skills and abilities.
⒜ It is the human resource which converts all other resources like land, capital, natural resources etc. into useful products.
⒝ This human resource contributes to the creation of a gross national product(GNP).
Question 2: What is human capital formation?
Answer:
⒜ When the existing human resource is further developed by becoming more educated and healthy. It is termed as human capital formation.
⒝ It acts to the productive capacity of the country as educated, trained and healthy people earn higher incomes.




