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Q.

[[1]] resources are better than resources like land and physical capital.


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Detailed Solution

Human resources are better than resources like land and physical capital. Because people can utilise other resources to produce useful output, human resources are superior to resources like land and physical capital. This is so that human resources may use money and land in the best ways possible. Human beings are the only resources that can think, analyse, and make decisions. Land and capital cannot become productive on their own. The labour and abilities that may increase productivity and production more effectively while lowering costs and raising profits are referred to as human capital. As a result, if we invest in human capital, everything else will follow and advance.
 
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