PEOPLE AS A RESOURCE

Question 1

when does population become an asset for the economy

Answer 1

1, population will become human capital when investments are made in the form of education healthcare and training
2. land and capital are made useful through human capital
3. these are the ways in which population becomes an asset for the economy

Question 2

why is human capital superior to other forms of capital

Answer 2

1. other forms of capitals such as land cannot be put into use without the use of human capital
2. human capital requires years of education and hence, is considered superior to other forms of capital

Question 3

what does people as a resource refer to?

Answer 3

people as a resource refers to country’s working people
in accordance with their existing productive skills and abilities

Question 4

what is human resource

Answer 4

1. is the productive nature of the population which helps to increase the Gross National Product of the economy
   2

Question 5

what are the advantages of investing in human capital

Answer 5

1. investment in human capital will yield returns just like when done with physical capital
2. a more trained to educated person will be able to earn more because he will be of higher productivity to this employers
3. similarly, a person of good health will also be able to earn a higher income.

Question 6

what is a virtuous cycle

Answer 6

1. when parents who themselves are educated are willing to spend on their children education, healthcare and other need are present, a virtuous cycle is created

Question 7

what is a vicious cycle

Answer 7

1. when parents themselves are not educated
2. when parents are not willing to spend on their children’s healthcare, education and other necessities

Question 8

what are economic activities

Answer 8

1. activities which contribute toward the National Income are considered economical activities

Question 9

what are classifies as market activities

Answer 9

1. market activities is another word for economic activities
2. market activities can be classified into primary, secondary and tertiary
3. primary sector is where everything is done form scratch, which is mostly made up agricultural ppl
4. secondary sector is made frm the primary sector which involves the packaging and manufacturing of the products produced in the primary sector
5. in the tertiary sector, ppl involved are usually the ppl who are managing the transportation and management of the products produced in the secondary sector

Question 10

what are the two parts of economic activities

Answer 10

they are
market activities and
non market activities

Question 11

what are market activities

Answer 11

any activity that involves the person ACTUALLY doing the activity

Question 12

what are non market activities

Answer 12

any activity that is not paid for, something like house work or mums taking care of their children
these activities are considered self consumption so and they do not add to the National Income, so they are considered non market activities

Question 13

why do women have low paying jobs

Answer 13

1. a majority of women have low skill assets compared to men in India
   2, Women in India lack legal protection and job security and/or have low paying jobs
2. hence the reason on why women have low paying jobs

Question 14

how is the quality of population determined

Answer 14

1. depends on life expectancy and literacy rate
2. this is because a literare and healthy population contribute to a asset for the country

Question 15

how as the government contributed toward education

Answer 15

1. vocational education has been developed
2. government is also planning to increase the gross enrollment ration for students aged frm 18 to 23
3. the government is also planning to improve the access to quality education

Question 16

what is the education scenario in India?

Answer 16

1. in order to provide access to everyone for education in India with a special emphasis on girls, a special school called Navodaya Vidyalaya has been established in each district in India

Question 17

what is the contribution of the government to provide education for all?

Answer 17

1. from the years 2014 to 2014, the primary school system has expanded to 8.85 lakh
2. MId Day Meal schemes have been implemented to encourage attendance and the nutritional status of the students

Question 18

what is the benefit of a proper healthcare system?

Answer 18

having proper education will help a person to realize his potential and fight illness

Question 19

what is the advantage of India building up a vast healthcare for manpower

Answer 19

1. life expectancy has gone up to about 68.3 percent in 2013 and 2014
2. infant mortality rate has come down to 64 in 2016
3. crude birth and crude death rate has seen a significant delcine

Question 20

what is unemployment

Answer 20

unemployment is the status where people who are willing to work do not have a job

Question 21

what is the nature of unemployment in India

Answer 21

1. in India, there is unemployment in both rural and urban areas
2. In urban areas, there is a majority of educated unemployment
   3, in Rural areas there is a majority of seasonal and disguised unemployment

Question 22

what is seasonal unemployment

Answer 22

seasonal employment is when people are not able to find jobs at certain times of the year
this type of problem is usually faced by people in the agriculture sector

Question 23

what is disguised unemployment

Answer 23

1. this is the kind of employment where people are visibly employed but arent actually employed
   this happens when there are about 8 people working in the field where only 5 people are required
   the other three people come under disguised unemployment.
   the [production status will not decrease when thr 3 people are removed

Question 24

what is the difference between seasonal and disguised employment

Answer 24

DU: people appeared to be employed but aren’t actually employed
SU: happens because people are able to find their jobs only on certain months of the year
DU: mostly found in agriculture
SU: mostly found in agro based industries
DU: mostly found in rural areas
SU: found in both rural and urban areas

Question 25

why are women employed in low paying work

Answer 25

1. they have lesser education than men in India for traditional reasons
2. Women aren’t entrusted in jobs which requires a good physique
   3, women also have additional responsibilities such as looking after their household and children family and others