Question

1)explain the factors production? 2) write the short note on green revolution? 3)what is the role of health in human capital formation? 4)differentiate between disguised and seasonal unemployment?​

Answer 1

Answer:

• the factors of production are resources that a building blocks of the economy, they are what people used to produce goods and services. economists divide the factors of production into four categories land, labour, capital and enterpreneurship
• the green revolution in India refers to a period when Indian agriculture was converted into an industrial system due to the adoption of modern methods and technologies such as the use of high yielding variety HIV seeds, tractors, irrigation facilities, pesticides and fertilizers
• role of health in human capital formation are as follows :

1. only a healthy person can work efficiently and with full potential
2. a healthy person can work in a more effective manner.
3. a healthy person can work in a productive way and in this way it can contribute better in the development of economy of the country

• disguised unemployment : in case of disguised unemployment, people appear to be employed but are actually not employed, seasonal unemployment : seasonal unemployment happens when the people are not able to find jobs during some months of the year

Answer 2

Explanation:

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