Question
Explain the role of human resources in economic development.
✓
Answer
Role of human resource in economic development:
- Economic growth is only a means and human development is the end i.e. the objective of economic growth and development is to improve human conditions and enlarge people’s choices.
- Human development increases political stability by reducing civil disturbances in society.
- Human development leads to an increase in human productivity i.e., investment in nutrition, health, and education results in higher productivity.
- Human development helps to control population growth, through increasing literacy specially in women.
- Human resource development contributes to improvement in life expectancy and literacy rate. This further improves the quality of life.
- Human resource development helps to bring about research and development. It motivates research in various educational institutions.
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