Tuesday, February 2, 2010

LARGE SCALE PRODUCTION

Human resource is one of the active Factors of productions. It is the only factor that can utilize land capital, organization and other inputs in line with the production of economic goods and services. As a most sensitive and leading factors, it can produce large quantity of basic or consumer goods, capital goods, luxury gods and other scientific goods which are essential for a society. Human resource is also known as human capital because one cannot produce any goods and services without the aid of human resource.

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Tuesday, February 2, 2010

LARGE SCALE PRODUCTION

Human resource is one of the active Factors of productions. It is the only factor that can utilize land capital, organization and other inputs in line with the production of economic goods and services. As a most sensitive and leading factors, it can produce large quantity of basic or consumer goods, capital goods, luxury gods and other scientific goods which are essential for a society. Human resource is also known as human capital because one cannot produce any goods and services without the aid of human resource.

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