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Q.

The population is an asset to the economy rather than a ____.


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Detailed Solution

The population is an asset to the economy rather than a liability. People can be turned into productive assets if we invest in them through education, training, and medical care. Human beings are not the only consumers of natural resources; they can also be the creator of natural wealth. Human resources control other resources like land and capital because they use land and capital. Human resource is the only resource which can utilise all other resources more efficiently. An unhealthy and illiterate population is a liability to the country as they do not contribute anything to the growth but become a hindrance in the growth process of the economy. These kinds of human resources can be converted into an asset through education and health infrastructure investments.
 
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