8 Questions
Why is it important to view people as resources?
Viewing people as resources helps in acknowledging their potential to contribute to the economy and society.
What are some ways to invest in human capital?
Investing in education, skill development, and healthcare are some ways to enhance human capital.
What is the main focus of the chapter 'People as Resources'?
The main focus is on recognizing human capital as a valuable resource for economic development.
How does human capital contribute to economic growth?
Human capital contributes to economic growth by increasing productivity, innovation, and the overall quality of life.
In the context of 'People as Resources', which factor has the most significant impact on economic growth?
Technological advancement
What is the primary focus when viewing people as resources?
Maximizing labor productivity
Which of the following best describes the concept of 'human capital'?
The collective skills, knowledge, and abilities of individuals that contribute to economic productivity
What is a key characteristic of an effective human capital investment strategy?
Long-term development and continuous learning opportunities
Test your understanding of the significance of viewing people as resources, ways to invest in human capital, and the impact of human capital on economic growth. Explore the main focus and factors influencing economic growth in the context of 'People as Resources'.
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