People As Resource -Notes

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'People as Resource' is a way of  referring to a country’s working people in terms of their existing  productive skills and abilities. Looking at the population from this productive aspect emphasises its  ability to contribute to the creation of the Gross National Product. Like other resources population

also is a resource — a 'human resource'. This is the positive side of a large population that is often overlooked when we look only at the negative side, considering only the problems of providing the population with food, education and access to health facilities. When the existing 'human resource' is

further developed by becoming more educated and healthy, we call it 'human capital formation' that adds to the productive power of the country just like 'physical capital formation'.