CBSE Notes, Lectures

CBSE - Economics - People as Resource

People as Resource

Short Answer Type

Give an example to prove that investment in human capital yields a rich return.

1. A large population can be turned into a productive asset by investing in education, training and health.

2. For Example, Japan has invested heavily on the development of human resources.

3. They did not have any natural resource. This country is developed and rich country. 

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