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Question

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

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Solution

Human resources are different from other resources like land and physical capital because:

  • Humans have the knowledge, skill and the adequate technology to make the maximum utilization of the resources around us.
  • Humans are not only able to utilize and make proper use of resources but even search for new ones.
  • With training and education humans become capable enough to create more resources.
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