Question:medium

What is meant by Human Resource?

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Think about what makes 'people' themselves a resource, as opposed to land or minerals.
Updated On: Sep 23, 2026
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Solution and Explanation

Step 1: Alternate framing: capital vs. human resource:
Distinguish physical/capital resources (machines, buildings, money) from human resource — the former is created BY people, so people (human resource) are the source that generates all other economic resources.

Step 2: State the definition this way:
Human Resource is thus the working population's education, skill, and health, which act as the driving force of a nation's economic growth and development.

Step 3: Final Answer:
Human Resource = the population viewed as a skilled, capable, productive force that generates and uses all other economic resources.
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