Quick Answer: What Is The Most Important And Valuable Resource Of A Country?

Why is human resource important for development?

Why Is HRD Important.

Human resources development is important because it is an investment in one’s employees that will ultimately result in a stronger and more effective workforce.

When an organization develops their employees, they are strengthening their assets and making these employees even more valuable..

What is a valuable resource?

We begin by reviewing the range of definitions of ‘valuable resources’ proposed in the RBV literature. To summarise this literature, a valuable resource is a resource that permits premium pricing, or enables costs to be lowered relative to competitors.

What country is richest in natural resources?

RussiaRussia is the world’s richest country when it comes to natural resources. It leads all other nations in the size of both its natural gas and timber reserves.

Which is the most important resource on the earth why?

Soil. Soil is one of the most important natural resources on Earth, being required both directly and indirectly for food production, manufacturing of industrial raw materials, and for generation of energy sources. Soil is essential for the function of ecosystems providing nutrients, oxygen, water, and heat.

What are important resources?

Resources are important for the development of any country. For example, to generate energy, one need fossil fuels; and for industrial development, we require mineral resources. 6. Irrational consumption and over utilisation of natural resources has led to socio-economic and environmental problems.

Why Water is the most important resource?

Water resources are sources of water that are useful or potentially useful to humans. It is important because it is needed for life to exist. Due to the expanding human population competition for water is growing such that many of the worlds major aquifers are becoming depleted. …

What do you understand by human resource development?

Human Resource Development (HRD) is a series of organised activities, conducted within a specialised time and designed to produce positive behavioural changes. … Simply put, HRD is the training and development provided by an organisation to increase the employees’ knowledge, skills, education and abilities.

What are the characteristics of human resource development?

Features of HRD:Systematic approach: HRD is a systematic and planned approach through which the efficiency of employees is improved. … Continuous process: ADVERTISEMENTS: … Multi-disciplinary subject: … All-pervasive: … Techniques: … Equity: … Employability: … Adaptability:

What is the most valuable asset?

Key Takeaways Your home is probably your most valuable asset; other key assets include investments, automobiles, collectibles, and jewelry.

What are 20 natural resources?

Natural Resources by CountryBauxite.Coal.Copper.Diamonds.Gold Lead.Iron ore.Mineral sands.Natural gas.More items…

What are the 10 natural resources?

Top 10+ Natural Resources in the WorldWater. While the earth may be mostly water, only about 2-1/2 percent of it is freshwater. … Air. Clean air is necessary for the existence of life on this planet. … Coal. Coal is estimated to be able to last less than 200 more years. … Oil. … Natural gas. … Phosphorus. … Bauxite. … Copper.More items…

How is human resource important for a country?

The human resource plays a significant role in the economy of a country by contributing to productivity. The other resource becomes useful because of the input by the human resource. Investment in human capital yields a return and it is done through education, training, and healthcare.

How are resources useful to us?

Resources are important for us as we utilise them to satisfy our wants. Many minerals like iron, copper, mica etc. are used in industries for manufacturing various goods. Minerals like coal are used for the generation of electricity.

Is data worth more than gold?

Data is more valuable than gold! This is not an exaggeration, but the truth. With Data Scientist salaries touching Rs 22 Lakhs/ annum, it’s safe to say that this industry is now one of the highest paying in the world.

What is the most important resource of a country?

The people are considered the most important resource of a country because people are already can be producer or consumers , but the same features of them as they always causes increses in Economical development of a country .

What is the most valuable natural resource on earth?

OilOil is one of the most valuable natural resources in the world, and one of the most essential to our modern way of life.

What is our most valuable resource?

Data is now the most valuable resource in the world, beating out oil, according to The Economist.

What is the role of education in human resource development?

The role of education in human capital formation are as follows: An educated society facilitate better development program than an illiterate one. Education improves productivity and prosperity, and also improve enriched life experience. … Education increases national income and other cultural richness.