Choose if the following statement is True/False.

Human resources are different from other resources.

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True

False

answer is A.

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Detailed Solution

The above statement is True.
People may employ additional resources to produce useful output. Human resources vary from other resources like land and physical capital. However, resources like land and physical capital depend on how they are used and cannot provide any useful results. Only resources that are highly productive and independent-running qualify as human resources. Human resources may use resources like land and capital and produce money from them if they are well-trained and acquire the necessary skills. This also implies that they can earn or increase national income and contribute to the economy's GDP.

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