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ECONOMICS NOTES
CH2 PEOPLE AS
RESOURCE
like other resources population is also a
resource - a 'human resource' . this is the
positive side of a large population that is often
overlooked when we look only at the negative
side , considering only the problems of
providing population with food , education
and access to health facilities . When the
existing 'human resource ' is further developed
more educated and healthy , we call it 'human
capital formation' that adds to the productive
power of the country just like 'physical capital
formation'.
India's green revolution is a dramatic example
of how the greater input of greater knowledge
in the form of improved production
technologies can rapidly increase the
productivity of scarce land resources .
Q. how is human resource considered the superior
resource?
ANS. human resource in one way superior to the
other resources like land and phyiscal capital .
land and capital cannot become useful on its own
, human resource can take use of land and capital.
#ECONOMIC ACTIVITIES BY MEN AND WOMEN
The various activities have been classified into
three main sectors
1.primary= includes agriculture , forestry , animal
husbandry , fishing, poultry , farming, mining,
quarrying
2.secondary= manufacturing
3.tertiary = trade, transport, health, tourism ,
services, insurance etc.
Q. what are economic activities?
ANS. 1) that add value to the national income
2)result in the production of goods and
services
are called economic activities .
ECONOMIC ACTIVITIES
A) MARKET ACTIVITIES _which involve
remuneration to anyone who performs. done for
pay of profit.
B) NON-MARKET ACTIVITIES_production for
self-consumption
due to historical and cultural reasons there is a
reason there is division of labour b/w men and
women in the family
Women generally look after domestic chores
and men work in the fields .
Q. why are women paid less compared to men?
ANS. .Education and skill are the major
determinants of the earning in the market . A
majority of women have meagre education and
low skill formation .women are paid less compared
to men because of the following :-
Most women work where job security is not
there.
They are considered less efficient than all the
men because of less support to girl's
education in the nation.
#QUALITY OF POPULATION
The quality of population depends upon the
literacy rate health upon of a person indicated by
life expenctancy and skill formation acquired by
the people of the country.
the quality of population ultimately decides the
growth rate of the country .
liabilty of the economy-illiterate and unhealthy
asset for the economy of the country-literate and
healthy
Education:
Q. what is education?/how we can define
education?
ANS. Education is the process of receiving or
giving systematic instruction, especially at a
school or university.
Q.what role does education play in one's life?what
is the importance of education?why should a
person get educated?how does education help
us?how can we say that education is helpful for
one ?
ANS. Education plays a significant role in
economic development as follows:
1. Education increases the accessibility of people to
modern and scientific ideas.
2. It increases the efficiency and ability of people to
absorb new technology.
3. It creates awareness of the available
opportunities and mobility of labour.
4. Education helps individuals to gain knowledge,
skills and attitude which would enable them to
understand changes in society and scientific
advancements.
5. Investment in education is one of the main
sources of human capital which facilitates
inventions and innovations.
6. Available educated labour force facilitates
adaptation of advanced technology in a country.
Q. what measures taken or should be taken by
government to improve the educational condition
in the country?
ANS. 1. government is providing universal accesss
,retention,and quality in elementary education
with a special emphasis on girls .
2. there is also an establishment of pace
setting of schools like navodaya vidyalaya in each
district .
3. vocational streams have been developed
to equip large number of high school students
with occupation related to knowledge and skills.
4. the plan outplay on education has also
increased .
5. the expenditure on education as a