What do you understand by people as a resource CBSE Economics Class 9 NCERT Solutions

The Eduladder is a community of students, teachers, and programmers just interested to make you pass any exams. So we solve previous year question papers for you.
See Our team
Wondering how we keep quality?
Got unsolved questions?

Ask Questions
CBSE-Economics-Class-9-NCERT-Solutions-->View question


What do you understand by people as a resource? - CBSE Economics Class 9 NCERT Solutions

- Chapter 2: People as resource


By:Aparna-Dasgupta

Taged users:


Likes:
Be first to like this question

Dislikes:
Be first to dislike this question

Talk about thisDelete|Like|Dislike|


Answers

People can make the best use of nature to create more resources when they have the knowledge, skill and technology to do so. This is why human beings are considered a resource. It is the abilities of human beings which help in transferring a physical material into a valuable resource.

'People as a resource' is a way of referring to a country's working people in terms of their existing productive skills and abilities. The idea of people as a resource is linked to the concept of human capital i.e., the stock of skill and productive knowledge embodied in a population. Any production of goods and services requires the presence of the four factors of production, namely land, labour, physical capital and human capital. The knowledge and enterprise provided by the human capital puts together the other three factors to produce an output. Population becomes an asset instead of a liability when investments are made in the form of education, training and medical care.

milan-ransingh

Likes:
Be first to like this answer

Dislikes:
Be first to dislike this answer
Talk about this|Once you have earned teacher badge you can edit this questionDelete|Like|Dislike|
------------------------------------

Can you help us to add better answer here? Please see this



Not the answer you're looking for? Browse other questions from this Question paper or ask your own question.

Join eduladder!