economicsChoose the given statement is True/FalsePeople as a resource refer to non-working people of the country.

Choose the given statement is True/False


People as a resource refer to non-working people of the country.


  1. A
    True
  2. B
    False  

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    Solution:

    The given statement is false.
    People as a resource refers to working people of a country regarding their productive skills and activities. People as a resource highlights people as an asset to the country's economy. It points out the country's working people's positive impact on its economy. It also refers to the productive skills and abilities of people in general. Population becomes a resource for the country when adequate investment is made in education, healthcare, and training. Health and knowledge are equally important factors, but they act more like contributing factors in making the population a resource for the country. Therefore, they are termed as an investment in human resources. Hence the correct statement would be, People as a resource refer to working people of the country.
     
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