ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The personnel working with the company are termed human resources. Human resource is the most important resource of a company as employees are the backbone of a successful business. They make use of the company’s other resources and derive value from them, resulting in a viable product.

Detailed explanation-2: -Human resource development is the process by which an organization adds value to their organization by adding value to their employees. Professional education, career training, growth opportunities, and knowledge of government regulations are all ways in which organizations develop their employees.

Detailed explanation-3: -Human resources: Humans in itself are considered a resource. So, that is why, it is called human resources. People can make the best use of nature to create more resources by applying the knowledge, skill, and the technology. Q.

Detailed explanation-4: -People use natural resources to make buildings, bridges, roads, machinery and vehicles, which are known as human made resources. Technology is also a human made resource. “So people like us use natural resources to make human made resources, ” said Mona nodding in understanding.