class 9 CBSC
sub : economics
chapter 2 people as resource
please give me answer of questions
Answers
1. It is the most important resource as it is the one which has skills, knowledge and enterprise which may convert the another resources into productivity and make them exploitable.
2. Human Capital consists of the following terms:
a. Skills
b. Knowledge
c. Enterprise
d. Intelligence
And all these factors are considered as most important capital.
3. Green Revolution (1950 to late 1960s) was an act that introduced the use of the following technology in primary activities including agricultural sector:
a. Modern methods of farming
b. Use of HYV Seeds
c. Use of manures, fertilizers, pesticides and insecticides.
4. a. Asset: A resource/thing/human who may utilise his or her intelligence and skills for advancement of nation is called an asset for that nation.
b. Liability: Those person who are either illiterate, unemployed or faced discrimination in opportunities and are not productive for the nation is called liability of that nation.
5. The differences between the two friends Sakal and Vilas were (i) Vilas's father died when Vilas was two years old whereas Sakal was living with his parents. (ii) Sakal went to school but Vilas did not go to school. (iii) Sakal was interested in studies whereas Vilas was not interested in studies.
6. Primary Sector: It includes fishing, agriculture, horticulture, etc. and they produce raw materials for the development of other necessary products.
Secondary Sector: It includes cottage industry, small scale businesses and large scale industries which are using the raw materials provided by the primary sector for production of goods.
Tertiary Sector: In simple words it acts as a helping hand for the primary and secondary sectors as it consists of the services like transportation, communication, banking, and loans which are necessary for the industries in transporting their goods to the market where it may be utilised by the consumers.
7. Remuneration: Simply, it is a payment made to somebody for the work they have done. It is the pay or other financial compensation provided in exchange for an employee's services performed. A number of complementary benefits in addition to pay are increasingly popular remuneration mechanisms. Remuneration is one component of reward management.
8. Matriculation: The action of attaining a certified matric degree at a college or university.
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