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ECONOMIC DEVELOPMENT AS A FUNCTION OF LABOUR DEVELOPMENT

26 Jul

The concept of economic development has
being the major pivot of every nation at
such they all use possible instruments at
their disposal to either boost their economy
or stabilize their economic position.
Unfortunately many nations focus on
developing the other components that
facilitates economic development without
putting adequate attention on the major
manager of the economy which is labour. Is it
possible for a car to move without a driver?
Labour development is a crucial necessity
that every developed or developing nation
need to either remain developed or attain
their desired level of development
respectively. As a matter of fact every other
factor of production which is the mother of
development is either created or managed by
labour.
Is it capital,land or entrepreneur. All these are
subject to labour control for effective
utilization and maximization. Labour is
entrepreneur,labour produces capital, labour
uses land for production so its obvious that
labour is the base of production hence
development base. At such the fastest way to
boost development is to develop labour

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Posted by on July 26, 2014 in Uncategorized

 

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