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About People As Resource Class 9 Notes
Human capital refers to the skills and knowledge of a country's population. When a population receives education, training, and healthcare, it becomes a human capital resource that increases productivity and economic output. Investing in education and health generates high returns by increasing individual incomes and productivity. While land and capital require human resources to utilize them, human resources can make use of other resources through skills and knowledge. Countries like Japan that lacked natural resources became rich by investing in education and health to develop an efficient and productive human capital resource.
Detailed Information
| Author: | ['sidd230'] |
|---|---|
| Publication Year: | 2013 |
| Pages: | 6 |
| Language: | English |
| Format: | |
| Price: | FREE |
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