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People As Resource
Question
How is human resources different from other resources like land and physical capital?
Solution
Following are the differences between human resources and land and physical capital resources:
|
Human Resources |
Land and Physical Capital Resources |
|
(i)Human resource is a primary factor of production as it can make use of land and capital. (ii)Human resource is an active factor of production. (iii)It includes education, health etc. |
(i)Land and physical capital resources are secondary factors of production as they cannot become useful on their own. (ii)These are passive factor of production. (iii)These includes building, land etc. |
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Some More Questions From People As Resource Chapter
What do you understand by ‘people as resource’?
How is human resources different from other resources like land and physical capital?
What is the role of education in human capital formation?
What is the role of health in human capital formation?
What part does health play in the individual's working life?
What are the various activities undertaken in the primary, secondary and the tertiary sector?
What is the difference between economic activities and non-economic activities?
Why are women employed in low paid work?
How will you explain the term unemployment?
What is the difference between disguised unemployment and seasonal unemployment?
Mock Test Series
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