ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Is willing to work
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Is able to work
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Belongs to a particular age group
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All of the above
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Detailed explanation-1: -A person becomes a human resource when he/she is willing to work, able to work, and belongs to a particular age group.
Detailed explanation-2: -Human resources (HR) is the set of people who make up the workforce of an organization, business sector, industry, or economy. A narrower concept is human capital, the knowledge and skills which the individuals command. Similar terms include manpower, labor, personnel, associates or simply: people.
Detailed explanation-3: -People are called human resources because natural resources are made useful by the demands and abilities of people.
Detailed explanation-4: -Human resource refers to the people who have the manpower which can be utilised in the production sector. Human resources are necessary for the progress of any country.
Detailed explanation-5: -’People as Resource’ is a way of referring to a country’s working people in terms of their existing productive skills and abilities. Looking at the population from this productive aspect emphasises its ability to contribute to the creation of the Gross National Product.