Thus, for as long as humans bred, the supply was inexhaustible. Yet, this view of human resources is fast becoming extinct in the rich Western countries. Training periods have lengthened, expert knowledge has taken over, the main value added is information. Humans represent a sizeable investment in education. They are no longer an inexpensive resource .With this realization, there came about a revolution in economic relations.
All resources are scarce.
The classic approach included natural endowments in the group of scarce resources. The human element was barely perceived as yet another natural resource. Now it is. The legal profession is positively obsessed with Death. This is why economic activities are relegated to separate legal entities.