What is the meaning of ‘people as a resource’?

People are often referred to as a “resource” in the context of human capital theory, which views human beings as valuable assets that can be developed and invested in to generate economic returns. This perspective emphasizes the role of education, skills, and experience in enhancing an individual’s productivity and earning potential.

When viewed as a resource, people are seen as a source of labor, creativity, and innovation that can contribute to a country’s economic growth and development. In this sense, the term “people as a resource” highlights the importance of investing in human capital through education, training, and other forms of development in order to unlock the potential of individuals and society as a whole.

Also, read What is the role of education in human capital formation?

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Originally published at https://medhaavee.com on February 2, 2023.