Lesson eLearning

Which of the following best describes 'human resource' in the context of economics?

easy MCQ 1 mark Class 9 · Economics · People as Resource
  1. It refers to natural resources used by the economy.
  2. It refers to people and the skills, knowledge, and experience they possess.
  3. It refers to financial capital invested in human development.
  4. It refers to technology used by workers in production.
Answer
It refers to people and the skills, knowledge, and experience they possess.

The correct answer is It refers to people and the skills, knowledge, and experience they possess. — Answer the question with that option.

Step-by-step solution

  1. Identify the correct definition of human resource.
  2. Select the option that matches this definition.
  3. Answer the question with that option.
Common mistake: Confusing human resource with human capital

Concept tested: Definition of human resource

Published · How this solution was prepared and checked

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