Question

Why are human resources important?

Answer 1

• People are human resources.
• The most important resource are the people.
• Substances can be changed into resources with the help of two important factors such as technology and time.
• It is the discoveries, inventions, knowledge and ideas of people that leads to the creation of more resources.
• Human resources refers to the physical and mental abilities of the people and number (quantity) of people.
• When people have the technology, skill and knowledge; they can make the best of nature to create more resources.
• Hence, human beings are considered as a special resource.
• Health and Education help people in becoming a valuable resource.
• Human resource development means improving the quality of people’s skills so that they are able to create more resources.
• Land and physical Capital are useful only when human resources are able to utilise them.
• Land and physical capital cannot become useful on their own.
• This investment in human capital is through healthcare, training and education.
• Higher education leads to higher incomes for people, as the higher educated population will have better and higher productivity than the people who are not educated.
• Increased quality of labour leads to increase in total productivity which in turn leads to the growth of the nation.