Admin Table of Contents
- 1 Is human resources more important than natural resources?
- 2 Which countries can be considered rich in human resources and why?
- 3 What is dependency ratio and how might it affect the United States in the future?
- 4 How does dependency ratio influence on economic prosperity of the country?
- 5 How does the economy affect population growth?
Is human resources more important than natural resources?
Answer: Human resource is known to be one of the superior resources as compared to the other resources like land and physical capital. It can make use of land and physical capital, however, land and physical capital cannot become useful on its own.
Which countries can be considered rich in human resources and why?
Answer: tha country which is richest in human resources is America .
What is dependency ratio and how might it affect the United States in the future?
Dependency ratio is the number of nonworking compared with working individuals in a population. In the United States, this ratio is going up as the population is becoming older and more retirees need to be supported by fewer people of working age.
Why it is human resources more important than natural resources for development?
Answer: Skilled manpower is essential to carry out several development activities. To carry out several development works may be difficult in the absence of skilled manpower. They also play vital way for the systematic utilization of the natural resources and help to conserve them as well.
How does human resources contribute to economic development?
Human capital affects economic growth and can help to develop an economy by expanding the knowledge and skills of its people. The level of economic growth driven by consumer spending and business investment determines the amount of skilled labor needed.
How does dependency ratio influence on economic prosperity of the country?
A high dependency ratio indicates that the economically active population and the overall economy face a greater burden to support and provide the social services needed by children and by older persons who are often economically dependent.
How does the economy affect population growth?
The Relationship Between Economic Growth and Population Growth. If population growth and per capita GDP growth are completely independent, higher population growth rates would clearly lead to higher economic growth rates.