Question

How is human resource different from other resources like land and physical capital? 

Answer 1

The following are some ways that human resources differ from other resources, such as land and physical capital:

1. Human resources have broad importance from the standpoint of economic growth; that is, they function as both producers and consumers.
2. In order to generate an output, human resources utilize other resources, such as land and tangible capital.
3. Because human resources are not limited to a single location, they are seen as superior to other resources. It can spread to other locations.