Economics (NTSE/Olympiad)  

2. People As Resources

Introduction About Resources

Resource : Any material which can be transformed in a way that it becomes more valuable and useful is known as Resource.
Natural Resource : A natural resource is any thing in , on , or above the earth that people use to meet their needs.
Human Resource : By the term human resources we mean the size of population of a country along with its efficiency, educational qualities, productivity, organisational abilities and farsightedness.
Though natural resources play a vital role in the economic development of a country but human resources are considered the most important resources of a nation because it is the human resources which convert the natural resources into more useful form.

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