People as a resource is a way of referring to the country’s working population in terms of their existing productive skills and abilities.
How is human resource different from other resources like land and physical capital?
Human resource makes use of other resources like land and physical capital to produce an output. The other resources cannot become useful on their own. This is the reason why human resource is considered to be superior to the other resources.
Education is the most important component of human resource development.
→Proper education and training enable the formation of this human capital. An educated population is an asset, a resource.
→ Education enhances the quantity and quality of individual productivity, which in turn adds to the growth of the economy.
→It develops personality and sense of national consciousness among the people which are important for rapid economc growth.
Health plays an important role in human capital formation. A healthy person is more likely to realize his full potential and can become an asset for the economy. An unhealthy person is less likely to realize his potential and can become a liability for the economy.
The health of an individual helps him to realise his potential and also gives him the ability to fight illness. An unhealthy individual is a liability to his place of work. The health of a person is directly related to his efficiency. As compared to an unhealthy individual, a healthy person can work more efficiently and with greater productivity