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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Belongs to particular age group
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Is able to work
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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: -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.
Detailed explanation-5: -When people are considered as a resource it is called human resource. Human resource form an important part because any resource can be turned into a useful resource through human resource.