Human resource

Question 1

What is a resource

Answer 1

A resource is something which human society attaches value due to its usefulness.

Question 2

What are the 3 most basic resources?

Answer 2

land, labour and capital.

Question 3

What is the most important resource?Why?

Answer 3

1. Humans are the most important resource.
2. This is because people can make the best use of Nature to create more resources when they have the knowledge, skill and technology to do so.

Question 4

What has a direct effect on GDP?

Answer 4

population

Question 5

What can reduce GDP levels?

Answer 5

Due to underutilisation of human resource it can bring about unemployment which can thus decline the levels of GDP.