GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The people who work to produce goods and services are known as
A
Capital
B
Human Resources
C
Raw Materials
D
Facilities
Explanation: 

Detailed explanation-1: -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-2: -Capital is any human-made resource that is used to produce other goods and services.

Detailed explanation-3: -Human Resource Economics studies individual, family, and market investments in various forms of human capital such as education, on-the-job training, and health. The field uses the tools of microeconomics and econometrics to examine empirical issues in the following areas: Derived demand analysis. Labor supply.

There is 1 question to complete.