How is human resource different from other resources

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How is human resource different from other resources like land and physical capital?

NCERT Class 9th Economics Social Studies Ch 2 People as Resource

Answered by admin @


How is 'human resource' different from 'other resources like land and 'physical capital'?

Economic development depends not only on physical capital formation but on human capital formation as well. The physical resources and human resources complement each other in bringing about faster economic growth and material prosperity of a nation.

Moreover, it is not possible to make optimal use of physical resources without an adequate supply of manpower. In fact, it is necessary to develop human resources properly to be able to exploit physical resources such as natural resources and physical capital.


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