Choose if the given statement is True/False.

When a human resource is developed, it becomes human capital.

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True

False

answer is A.

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Detailed Solution

The above statement is True.
"Human resources" is the term used to describe a nation's population that is accessible for productive activities. Human resources are transformed into human capital when investments are made in education, training, and medical care. Human capital formation is the process through which an already-existing human resource is further enhanced by becoming more educated and healthier. The productive capacity of the nation is increased through human capital. It is the collection of abilities and useful knowledge that they contain. Thus, human resources are a country's assets, and human capital is a productive asset required for long-term prosperity.

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