Question
Read the source given below and answer the questions that follow:
Human beings are central to economic activities and production processes as they apply their knowledge, skills, and decision-making abilities to create value in economic activities. For example, a police officer maintains law and order, a scientist discovers new technologies, a chef brings new recipes together, and so on. This is possible when workers possess the required knowledge, skills and have a healthy body and mind to perform good quality work. All these traits together comprise human capital, which depends on many things. Let’s learn more about them.
Q.1. How does human beings contribute to the production?
Q.2. When does the production process become efficient?
Q.3. How does a police officer contribute to society?
Q.4. Mention two prime traits of human capital.
Human beings are central to economic activities and production processes as they apply their knowledge, skills, and decision-making abilities to create value in economic activities. For example, a police officer maintains law and order, a scientist discovers new technologies, a chef brings new recipes together, and so on. This is possible when workers possess the required knowledge, skills and have a healthy body and mind to perform good quality work. All these traits together comprise human capital, which depends on many things. Let’s learn more about them.
Q.1. How does human beings contribute to the production?
Q.2. When does the production process become efficient?
Q.3. How does a police officer contribute to society?
Q.4. Mention two prime traits of human capital.