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Questions and Answers
Explain the significance of human resource in the economy of a country.
Explain the significance of human resource in the economy of a country.
Human resource plays a significant role in the economy of a country by contributing to productivity and transforming natural resources into valuable resources that can be utilized for useful purposes.
Define human capital and explain how it can be invested in.
Define human capital and explain how it can be invested in.
Human capital refers to the skills, knowledge, and experience possessed by an individual. It can be invested in through education, training, and healthcare.
What are the prime important aspects that determine the quality of life according to the text?
What are the prime important aspects that determine the quality of life according to the text?
The prime important aspects that determine the quality of life are literacy rate, health, and skills.
Why are literate and healthy populations considered assets for the economy?
Why are literate and healthy populations considered assets for the economy?
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Discuss the impact of education and health on an individual's earning potential and productivity.
Discuss the impact of education and health on an individual's earning potential and productivity.
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Study Notes
Importance of Human Resource Development in National Economy
- Human resource development involves transforming natural gifts into valuable resources through workforce participation.
- Human resource plays a significant role in contributing to a country's productivity and economy.
- Investment in human capital through education, training, and healthcare yields a return.
- Educated individuals tend to earn more than those who are not educated.
- Healthy individuals are more productive than unhealthy ones.
- Literacy rate, health, and skills are prime determinants of quality of life.
- Illiterate and unhealthy populations can be a liability for the economy.
- Literate and healthy populations can be an asset for the economy.
- The literate and healthy population contributes positively to the economy.
- The input of human resource makes other resources useful.
- The development of human resource is crucial for the overall development of a country.
- Human resource development is essential for a country's economic growth and prosperity.
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Description
Test your knowledge of national human resource development with this quiz. Explore the role of human resources in contributing to a country's economy and productivity. Dive into the significance of harnessing human potential and transforming natural gifts into valuable resources.
