People as a resourse solutions

1.What do you understand by ‘people as a resource’?
Answer : People as a resource is a way of referring to the country’s working population interms of their existing and potential productive skills and abilities.
Question2. How is human resource different from other resources like land and physicalcapital?
Answer: Human resource makes use of other resources like land and physical capital toproduce an output. The other resources cannot become useful on their own. This is thereason why human resource is considered to be superior to the other resources.
Question3. What is the role of education in human capital formation?
Answer : Education is the most important component of human resource development.
→Proper education and training enable the formation of this human capital. An educatedpopulation is an asset, a resource.
→ Education enhances the quantity and quality of individual productivity, which in turnadds to the growth of the economy.
→It develops personality and sense of national consciousness among the people which areimportant for rapid economc growth.
Question4.What is the role of health in human capital formation?
Answer: Health plays an important role in human capital formation. A healthy person ismore likely to realize his full potential and can become an asset for the economy through hisproductivity. An unhealthy person is less likely to realize his potential and can become a liability for country