Why is human resource different from land resources?
Answer: Human resource is different from other resources in many senses. 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.
What is difference between human resource and other resources?
1) Human resources are the people who make up the workforce of an organisation, business sector, or economy. While physical resources of an organisation include manufacturing equipment and tools, inventories, production, assembly, office building, money, storage and distribution facilities etc.
Is land a non human resources?
An economy cannot function without many of these resources. Economic resources can be divided between human resources and nonhuman resources. Human resources include labor and management, while nonhuman resources include land, capital, financial resources, and technology.
What is Human Resource Class 9?
CBSE Class 9 Revision Notes Economics People as Resource ‘People as resource’ refers to a country’s working people in terms of their existing productive skills and abilities. When existing human resource is developed by becoming educated and healthy it turns into human capital.
Why humans are called resources?
Human beings are termed as resource because we the human beings ourselves are essential components of resources. We transform materials in environment into resources and use them.
How can humans be good resources?
Human Resources. Have you ever considered why humans are considered a resource? This is because humans have an ability to transform gifts from nature into valuable resources that can be utilized for useful purposes.
What does a human resource department do?
An HR department is tasked with maximizing employee productivity and protecting the company from any issues that may arise within the workforce. HR responsibilities include compensation and benefits, recruitment, firing, and keeping up to date with any laws that may affect the company and its employees.