Human resource Flashcards
1
Q
What is a resource
A
A resource is something which human society attaches value due to its usefulness.
2
Q
What are the 3 most basic resources?
A
land, labour and capital.
3
Q
What is the most important resource?Why?
A
- Humans are the most important resource.
- This is because people can make the best use of Nature to create more resources when they have the knowledge, skill and technology to do so.
4
Q
What has a direct effect on GDP?
A
population
5
Q
What can reduce GDP levels?
A
Due to underutilisation of human resource it can bring about unemployment which can thus decline the levels of GDP.
