Question

Which of the following statements best explains human resource?

• A. Human resource refers to the old population of a country that is not economically active.
• B. Human resource refers to the population of a region or a country that participates in the economy.
• C. Human resource refers to the child population of a country that does not participate in the economy.
• D. Human resource refers to the population that is financially inactive.

Answer 1

The correct option is B Human resource refers to the population of a region or a country that participates in the economy.

Human resources are the vital components of an economy. They are the ones who participate in the economy and contribute towards the national income. Hence, they are also known as the human capital of the economy.