how is human resource different from other resources like land ? Related: Long Answer Questions Chapter 2 - People as Resource, Class 9, SST (Economics)

Question

how is human resource different from other resources like land ? Related:  Long Answer Questions Chapter 2 - People as Resource, Class 9, SST (Economics)

Answer

Because Human resources need education, training and healthcare to develop. On the other hand, land and physical capital need money and physical inputs to develop. Land and physical capital are useless without human resources.

Answer

Human resources are superior to land and capital because :-
1) human resources can utilise the land and capital for improvement
2)land and capital can not be useful of their own

Answer

Human capital is superior to other resources like land and physical capital because human resources can make better use of land and physical capital but land and physical capital cannot become useful on its own. ... These people have made efficient use of other resources like land and capital.

Answer

Human resource is superior than any other resource because humans can make the best use of nature
the knowledge of human led to the discovery of the invention of new things

Answer

Human Resource vs. Other Resources: A Comparative Analysis

Introduction:
Human resource and other resources like land are both essential components of economic development. However, they differ significantly in terms of their characteristics, utilization, and value. Let's explore these differences in detail:

1. Nature and Characteristics:
- Human Resource: Human resource refers to the knowledge, skills, abilities, and potential of individuals that can be utilized for productive purposes. It includes the physical and mental capabilities of people, their creativity, innovativeness, and capacity to learn and adapt.
- Other Resources (Land): Land, on the other hand, represents the natural resources available on the Earth's surface, such as forests, minerals, water bodies, and agricultural land. It is a fixed and finite resource that cannot be increased or improved through human efforts.

2. Development and Utilization:
- Human Resource: Human resource has the ability to grow and develop with time and experience. It can be educated, trained, and skilled to enhance productivity and contribute to economic growth. Moreover, human resource can also innovate, create new technologies, and improve existing processes, leading to increased efficiency and competitiveness.
- Other Resources (Land): Land, being a natural resource, cannot be developed or improved in the same way as human resource. Its productive capacity is limited to the quantity and quality of resources naturally available. While land can be cultivated, mined, or utilized in different ways, its potential is largely fixed.

3. Value and Economic Contribution:
- Human Resource: Human resource is considered the most valuable resource in the modern economy. It is the human capital that drives innovation, entrepreneurship, and economic development. Skilled and educated individuals contribute significantly to the growth of industries, services, and overall GDP. Human resource is also a source of income generation and tax revenue for governments.
- Other Resources (Land): Land, although valuable, is relatively less dynamic in terms of its economic contribution. Its value is primarily derived from the resources it holds, such as minerals, timber, or fertile soil. The economic value of land depends on its location, accessibility, and utility for specific purposes.

Conclusion:
In conclusion, human resource and other resources like land are distinct in their nature, development potential, and economic contribution. While human resource possesses the ability to grow, learn, and innovate, other resources like land are limited in their capacity and require human efforts for extraction and utilization. Recognizing the significance of human resource and investing in its development is crucial for sustainable economic growth and prosperity.

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