it was necessary for the fact that we needed workers and hard ones for that matter the industrial revolution hadnt started and once it did we needed people that worked for less to wok the machines and fix what ever needed to be fix
Labor
Variable costs not Resource
human labor and agriculture
labor
The factors of production : land, labor, and capital. You need land (soil, water, minerals, trees, etc) to form the resource, labor to create it, and the money to spend to buy the land, factories, equipment, and labor to manufacture the resources.
Labor is not an unlimited resource. It is influenced by factors such as population size, skill level, education, and social policies that affect the availability of workers. Additionally, labor can be constrained by factors like regulations, technology, and cultural norms that impact the labor force's size and productivity.
For an economy to function, it must have human labor. This includes a long list of types of labor in order to make an economy viable. Therefore, the resources of an economy run from scientists to teachers to business people to factory and farm workers.
why is a country's human resource most important
While the buffalo was the most important resource, the second most important resource became the horse.
it is important for human resource professionals to be up to date on the latest trends in staffing, performance appraisals, compensation and benefits, training and development, employee and labor relations
the most important organisational resource is the people.
oil is the most important resource in the region