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Why do economists consider human resources more important that natural resources in determining a countrys future?
Wiki User
∙ 13y ago
Human resource contains immense importance and plays a fundamental role in the development of a country. skilled and trained human resource is necessary for proper utilization of Natural Resources. since human resource is an active ingredient while natural resource is passive in a way of development
Wiki User
∙ 13y ago
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Why do some economists consider human resources more important than natural resources in determining a countrys future?
In order to produce the natural resources more effectively and obtain the more out of them humans have to be capable of understand completely the necessities and uses of the products available and how to produce more and better.
Why do ecomonists consider human resources more important than natural resources?
Economists consider human resources more important than natural resources because human capital means the country have many skilled workers. These workers earn for themselves, provide goods and services to the consumers, attract foreign investors, and lead to more growth for the country.
When determining the number of significant digits in ameasurement?
It is important to consider the precision of the measuring equipment.
What do economists consider as basic resources or factors of production?
The most important resources or factors of production in economics (with their respective factor rewards in parentheses) are: Land (rent); Labour (wages); Capital (interest); Entrepreneurship (profit). These factors, combined with management and economic risk taking, combine with other factors (specific to the industry) to produce output.
What do economists consider factor of production?
enumirate the different factor of production?
What do economists consider to be land?
Dams, Bridges, Rock Quarries, Oil Wells.
What factors do economists consider to be economic resources?
Generally, economic resource (reward): Land (rent); Labour (wages); Capital (interest); Entrepreneurship (profit). Combined with management and economic risk taking and specific needs of the market give output.
Why settling velocities and aerodynamic diameters of PM are important characteristics to consider in determining engineering control strategies for various air pollutant particulates?
Settling velocities and aerodynamic diameters of PM are important characteristics to consider in determining engineering control strategies for various air pollutant particulate in order to have a variable to compare measurements against. This measurement helps determine the amount of air pollution being emitted into the atmosphere.
What factors play the biggest role in determining used vehicle value?
There are many factors the play a role in determining the value of a used vehicle. The most important factors to consider are the condition of the car, inside and out, as well as the mileage of the car. Another important factor in determining used car value is service history, so that you know the scheduled maintenance is up to date and also what other issues have occurred.
When determining EOC staffing one must consider the skills?
Authorities
Do you consider water as a natural resources why?
yes because water is the main important in our lives,because without water we cannot do nothing at all
One of the things you should consider when determining the time frame of your investment goals is?
You should always first consider your long term objective and risk tolerance when determining the time frame of your investment goals. Understanding if you are conservative or a gambler will determine how much and which investments to consider.
