Establish the need for acquiring information relating to health and education expenditure for the effective utilisation of human resources?
Establish the need for acquiring information relating to health and education expenditure for the effective utilisation of human resources?
Human Capital is the one of the most important resources for a country. Imagine a situation where only machines are available. We always need an operator of those machines. So, maintenance of human capital is crucial for an economy. The question of acquiring information relating to health and education expenditure arises because for efficiency and usefulness of human capital. Human beings should be physically and mentally fit and sound. Just like machines need oiling, greasing and cleaning, so does human beings. Similarly, education is the skill of human beings, more education means more productivity. So, for effective utilization of human resources, information regarding their health and education acts as the report of their efficiency and productivity. Such information tells about what steps are required for betterment.
Human Capital is the one of the most important resources for a country. Imagine a situation where only machines are available. We always need an operator of those machines. So, maintenance of human capital is crucial for an economy. The question of acquiring information relating to health and education expenditure arises because for efficiency and usefulness of human capital. Human beings should be physically and mentally fit and sound. Just like machines need oiling, greasing and cleaning, so does human beings. Similarly, education is the skill of human beings, more education means more productivity. So, for effective utilization of human resources, information regarding their health and education acts as the report of their efficiency and productivity. Such information tells about what steps are required for betterment.
