What do you understand by 'people as a resource?
Answer
Points to remember
- Country’s working people in terms of their existing productive skills and abilities .
- The population can be an asset rather than a liability .
- When investment is made for the population, it becomes human capital .
- Human capital is the stock of skills and productive knowledge.
- The population is a ‘human resource’.
Answer to be written
- 'People as Resource' is a way of referring to a country’s working people in terms of their existing productive skills and abilities .
- The population can be an asset for the economy rather than a liability .
- When investment is made in education , training and medical care population become human capital .
- Human capital is the stock of skill and productive knowledge embodied in them.
- Like other resources, the population is also a resource—a ' human resource ' .
