Long Answer
Structured explanation
Question 1
Long FormQ1. Explain the concept of 'People as Resource'.
- • Refers to the working population of a country in terms of their productive skills.
- • Treats population as an asset, not a liability.
- • Emphasizes the role of education, health, and training in turning people into human capital.
- • Human capital contributes to the Gross National Product (GNP).
- • Investment in human capital yields economic returns just like physical capital.
- • Skilled and educated people are more productive.
- • Example: India’s Green and IT Revolutions.
- • This perspective encourages policies for better health and education.
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