How is human resource different from other resources like land and physical capital
How is human resource different from other resources like land and physical capital?
Answer: Human resource is different from other resources like land and physical capital in the following ways:
1. From economic development perspective, human resources exhibit multiple importance i.e. at one end
human resource act both producers as well as consumers.
2. Human resource makes use of other resources like land and physical capital to produce an output.
3. Human resources is considered superior to other resources as it is not confined to one region or
place. It can spread to other places and diversify.
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