CBSE Class 9 Economics Question 14 of 14

People as Resource — Question 14

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14
Question
Which capital would you consider the best — land, labour, physical capital and human capital? Why?
Answer

The capital I consider the best in Human Capital because there are countries like Japan that have invested in human resources as they did not have any natural resources. These countries are developed and rich countries. They import the natural resource needed in their country. They have invested in people especially in the field of education and health. These people have made efficient use of other resources like land and capital. Efficiency and technology evolved by people have made these countries rich and developed.