Answer to Question #60179 in Other Economics for Rajshree
What is the relationship between these two subject 'Economics' and 'Human resource management' and How are these two subject related to each other?
Human resources in fact are one of means of production in economics. Therefore successful human resource management influences directly to the production and economic efficiency. Consequently, this have an effect on economics in a whole. That is why both Economics and Human resource management are closely interconnected.