Which asian country invested the most part of resources on people, especially in the field of education and health?
Which asian country invested the most part of resources on people, especially in the field of education and health?
Answer: Japan
Japan is an Asian country that has spent the majority of its parts on human resources, particularly in the fields of education and health. It has imperial palaces, bullet trains, dense towns and thousands of temples and shrines and is located on the Pacific Ocean.
What do you understand by people as a resource?
People as a resource is a term that means how the population can be an asset and not a liability. It a way of referring to the working class of society in terms of their existing productive skills and abilities.
- The population becomes human capital when an investment is done in the form of education and training.
- Education and health also help human beings to be an asset to the economy.
- Thus, people as a resource refers to the working population that results in the development of society.
Role of education in human capital formation
Education plays a very important role in human capital formation for the following reasons:
- An educated human can be considered an asset for the economy and not a liability.
- Education can help an individual make better use of economic opportunities. It helps in enhancing the national income, cultural richness and increases the efficiency of the Government.
- It enhances individual productivity in terms of quality and quantity.
- An educated person is also aware of health and hygiene, and it will ultimately result in better health of the people of a country.
Role of health in human capital formation
Health plays a very important role in human capital formation in the following ways:
- If an individual is healthy, he or she may have better immunity to fight illness.
- Being healthy will also increase the overall outcome of an individual.
- The health of an individual is directly proportional to the work he does. Thus better health will increase efficiency.
Answer: Japan
Japan is an Asian country that has spent the majority of its parts on human resources, particularly in the fields of education and health. It has imperial palaces, bullet trains, dense towns and thousands of temples and shrines and is located on the Pacific Ocean.
What do you understand by people as a resource?
People as a resource is a term that means how the population can be an asset and not a liability. It a way of referring to the working class of society in terms of their existing productive skills and abilities.
- The population becomes human capital when an investment is done in the form of education and training.
- Education and health also help human beings to be an asset to the economy.
- Thus, people as a resource refers to the working population that results in the development of society.
Role of education in human capital formation
Education plays a very important role in human capital formation for the following reasons:
- An educated human can be considered an asset for the economy and not a liability.
- Education can help an individual make better use of economic opportunities. It helps in enhancing the national income, cultural richness and increases the efficiency of the Government.
- It enhances individual productivity in terms of quality and quantity.
- An educated person is also aware of health and hygiene, and it will ultimately result in better health of the people of a country.
Role of health in human capital formation
Health plays a very important role in human capital formation in the following ways:
- If an individual is healthy, he or she may have better immunity to fight illness.
- Being healthy will also increase the overall outcome of an individual.
- The health of an individual is directly proportional to the work he does. Thus better health will increase efficiency.
