(24)"Human resource is an indispensable factor of production. Justily
(25) What do you understand hy representative dem
ocracy? How is it significant in today's
(5)
(26) Explain the importance of non-farm activities in the rural economy.
Answers
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Answer:
(1)Human resource is the indispensable factor of production. This is because :- 1)Land and other resources are specified, fixed or limited but human resources can be nurtured through education and health. 2)Human resources can bring change in other resources, while other resources cannot change or affect human resources.
(2) Representative democracy is a form of democracy in which people vote for representatives who then vote on policy initiatives as opposed to a direct democracy, a form of democracy in which people vote on policy initiatives directly.
In countries we call democracy, all the people do not rule. A majority is allowed to take decisions on behalf of all people. Even the majority does not rule directly. The majority rule through their elected representatives. This has become necessary because:
Modern democracies involve such large number of people that it is physically impossible for them to sit together and take a collective decision.
Even if they could, the citizens does not have time, the desire or the skills to take part in all the decisions. That is why, representative democracy is significant in the contemporary world.
(The non-farm activities in rural areas play an important role in generating employment for people. It may also prevent the migration of rural people from rural areas to the urban, due to the shortage of job opportunities. The rural non-farm activities receive limited resources and engage a larger section of workers.
Explanation:
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