PEOPLE AS A RESOURCE Flashcards
how does population become human capital
population becomes human capital when investment are made in the format of healthcare, education and training
why is human capital superior to other types of capital
since land and human capital are put to use through human capital, human capital is considered superior to other forms of capitals
what is people as a resource
people as a resource refers to the populations skills and abilities
what is GNP (gross national product)
GNP is the productive nature of the population that has skills and abilities
how does a better educated or a more healthy person contribute to productivity
what are the ways where population can be turned into assets
what is a virtuous cycle
what is a vicious cycle
what is a vicious cycle
what are the differences between vicious and virtuous cycle
what has made japan a well developed county
name the activity that adds to the national income
what are the sectors of the economic activity
what is the primary sector
what is the secondary sector