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Human Resource in general means
the population of the country.
But in economics Human Resource
means healthy, skilled and
educated manpower.
Therefore Human resource is the
procedure of refining the quality
and competency of people.
“According to the National planning
commission, “Human resource is
the knowledge, skill, efficiency and
physical and mental capacity to do
work inherent in the people of the
country”.
Task of Human Resource in
Economic Development
Human Resource plays a vital role in the evolution
and growth of the country. Countries like Japan,
China, Germany etc. economically develop
themselves due to competency & Capacity of their
human resource. They are now considered as the
most economically developed countries.
1. Utilization of Natural Resource - Human
Resource uses natural resources like water, mineral,
wind, forest. Utilization of natural resources helps in
economic development and human only utilize and
mobilize resources. By proper utilization of natural
resources national income also increases which
results in increase of per capita income.
2. Recompense natural resource deficiency – The
use of human resource meets the deficit of natural
resources. Those countries such as japan, Korea,
Italy which are weak in natural resources achieve
their economic development by utilizing proper
human resource.
3. Expand Production – Proper uses of human
resources results in expansion of productivity and
production of different goods and service. By the help
of efficient, educated and skilled human resources
productivity can be increased.
4. Increase in management capacity and
entrepreneurship – Management power and
entrepreneurship increases by the utilization of proper
human resource. As a result new innovation, new
production techniques, new markets are developed.
5. Use of Physical Capital – Countries having physical
capital does not mean they should be economically
developed. Capital should be properly utilized. Without
involvement of human resource it is impossible to manage
machineries and operate factories and industries.
6. Up gradations of technology – Economic development
of a country depends on how much that particular country
technologically advance in all aspect. This technologies are
invented and advanced by humans. Thus human resource
plays a vital role in changes in technology and advance
technology is necessary for the economic development of
the country.
7. Remove economic background –By the help of human
resource economic backwardness can be directly removed.
It effectively increases efficiency and specialization. This
increases mobility of labor, which makes effective
resources more fruitful.
These all leads to the economic development by the
help of human resource.

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HUMAN RESOURCE IN ECONOMIC DEVELOPMENT:

  • 1.
  • 2. Human Resource in general means the population of the country. But in economics Human Resource means healthy, skilled and educated manpower. Therefore Human resource is the procedure of refining the quality and competency of people. “According to the National planning commission, “Human resource is the knowledge, skill, efficiency and physical and mental capacity to do work inherent in the people of the country”. Task of Human Resource in Economic Development
  • 3. Human Resource plays a vital role in the evolution and growth of the country. Countries like Japan, China, Germany etc. economically develop themselves due to competency & Capacity of their human resource. They are now considered as the most economically developed countries. 1. Utilization of Natural Resource - Human Resource uses natural resources like water, mineral, wind, forest. Utilization of natural resources helps in economic development and human only utilize and mobilize resources. By proper utilization of natural resources national income also increases which results in increase of per capita income. 2. Recompense natural resource deficiency – The use of human resource meets the deficit of natural resources. Those countries such as japan, Korea, Italy which are weak in natural resources achieve their economic development by utilizing proper human resource. 3. Expand Production – Proper uses of human resources results in expansion of productivity and production of different goods and service. By the help of efficient, educated and skilled human resources productivity can be increased.
  • 4. 4. Increase in management capacity and entrepreneurship – Management power and entrepreneurship increases by the utilization of proper human resource. As a result new innovation, new production techniques, new markets are developed. 5. Use of Physical Capital – Countries having physical capital does not mean they should be economically developed. Capital should be properly utilized. Without involvement of human resource it is impossible to manage machineries and operate factories and industries. 6. Up gradations of technology – Economic development of a country depends on how much that particular country technologically advance in all aspect. This technologies are invented and advanced by humans. Thus human resource plays a vital role in changes in technology and advance technology is necessary for the economic development of the country. 7. Remove economic background –By the help of human resource economic backwardness can be directly removed. It effectively increases efficiency and specialization. This increases mobility of labor, which makes effective resources more fruitful. These all leads to the economic development by the help of human resource.