Name : Siddhika Santosh

Rahade
Roll No : 61 Sub :Business Demography
F.Y.B.B.A
ASSIGNMENT NO : 3
Q.3 Define the term resource and discuss the importance of HR .

 Resource are the supply of various needs of an

environment and people . There are natural and
manmade resources which are plenty in some
regions and scarce in other . Humans have utilized
natural resources for their benefit causing
environmental imbalance . For that self discipline is
very important .
Importance of human resource as
developmant of the nation
 1 . Accelerate Overall growth :
overall growth of a nation depends upon how economy
works and how money flows among the society . Due to
humans brain , they have developed a system where people
are depending upon each others business due to which
money circulates and develop a nation .
 2. Innovation and creativity :

The nation which has more innovation and creativity in the

products and services leads to more innovative product
development which , ultimately impact on positively industry
. The more industry leads to more employment and so no .
 3. Creating Demand Vs Supply :
business depends upon demand and supply which generate
from the human population only . Each business has forward
or reverse relation with other business and ability to grow in
the business . Hence , it is the people who grow a business .
 4. competitive advantage :
according to porter and millar postulates , competitive
advantage gives new way of doing business to the businesses .
This spawn entire business because of the competition .it is
the people who creates competition and to overcome it , they
come up with different strategies and policies .competitive
advantage creates new level of competition among the market
which benefits to society or sometimes harms .
 5.Increase Productivity :
Through automation, productivity of men and machines
has been increased but it is the human being who takes
an effort to make those machines, through various
cultures and adoption of techniques. Human
population, their trends related to purchasing, selling,
education, employment, occupation are the economic
indicators of national development