Choose the given statement as true/false:

People are a resource.

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True

False

answer is A.

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Detailed Solution

The above statement is true.
The phrase "people as a resource" refers to how the population might be an asset rather than a liability. It is a means of describing the working class of society in terms of their current capacities for productive activity. When money is invested in people's education and training, the population is transformed into human capital. Humans can contribute to the economy in other ways, such as through education and health. Therefore, the working population that contributes to the growth of society is referred to as a resource by the term "people."

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