Question

Explain the role of human resources in economic development.

Answer 1

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.