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Q.

[[1]] are valuable assets for the nation as they activate other factors of production.


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Detailed Solution

Human resources are valuable assets for the nation as they activate other factors of production.
Every productive activity needs human resources. Healthy, educated, efficient, and skilled people are an asset to the nation. It activates other factors of production and helps in the growth of the overall output of the country. The quality of human resources is the symbol of nations' economic and social status. It further helps in fast-tracking the growth of the country's GDP. Investment in human resources leads to human capital formation, which in turn helps the population be gainfully employed, which is an asset for the nation and a liability if the situation is vice versa.
 
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