Exercises
1. What do you understand by people as a resource
2. How is human resource diferent from other resource like land and pluysical
capital?
3. What is the role of education in human capital formation?
4. What is the role of health in human capital formation?
5. What part does health play in the individual's working life?
6. What are the various activities undertaken in the primary sector, secondary
sector and tertiary sector?
7. What is the difference between economic activities and non-economic activities?
8. Why are women employed in low paid work?
9. How will you explain the term unemployment?
10. What is the difference between disguised unemployment and seasonal
unemployment?
11. Why is educated unemployed, a peculiar problem of India?
12. In which field do you think India can build the maximum employment
opportunity?
13. Can you suggest some measures in the education system to mitigate the problem
of the educated unemployed?
14. Can you imagine some village which initially had no job opportunities but
later came up with many?
15. Which capital would you consider the best - land, labour, physical capital
and human capital? Why?
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Answers
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no.1.answer :
The people of country are it's valuable resources, If they are healthy, educated and skilled. No economic activity odds possible without human resource. It works as labour management and entrepreneurs in all economic activities as such it is indispensable factor of production.
It makes use of land and capital for productive activities in e economy.
no.2 answer.
Human resource is different from other resources on the following basis:
human resources is living, active and sensitive factor of production.
Human resource extracts work and activates other factors.
Human resources work as labour, management and entrepreneur.
no.3 answer:
importance of education. Human resources refersto the populations of a country and the efficiency, productivity, skill and far sightedness of its inhabitants.
education is an important factor for the development of human resource.
Question-4
What is the role of health in human capital formation?
Solution:
The health of a person helps him to realise his potential and the ability to fight illness. An unhealthy person becomes a liability for an organisation. Health is an indispensable basis for realising one’s well being. Henceforth, improvement in the health status of the population has been the priority of the country. Our national policy, too, aimed at improving the accessibility of healthcare, family welfare and nutritional service with special focus on underprivileged segment of population.
Question-5
What part does health play in the individual’s working life?
Solution:
Health plays a vital role in an individual’s working life, since no firm would be induced to employ people who might not work efficiently as healthy workers because of ill health and not only that, people who are physically or mentally ill cannot work.
Question-6
What are the various activities undertaken in the primary sector, secondary sector and tertiary sector?
Solution:
The various activities have been classified into three main sectors i.e., primary, secondary and tertiary. Primary sector includes agriculture, forestry, animal husbandry, fishing, poultry farming, and mining. Quarrying and manufacturing is included in the secondary sector. Trade, transport, communication, banking, education, health, tourism, services, insurance etc. are included in the tertiary sector.
Question-7
What is the difference between economic activities and non-economic activities?
Solution:
Economic Activities Non-Economic Activities The activities in the third sector result in the production of goods and services. Activities, which are not performed to earn money but to get some satisfaction, are called non-economic activities. These activities add value to the national income. These activities are called economic activities. These activities are performed to discharge social obligation or for physical fitness or for recreation. Economic activities have two parts — market activities and non-market activities.Market activities involve remuneration to any one who performs. People visiting places of worship, providing relief to the victims of flood and earthquake, engaging in sports activities, gardening, listening to radio orwatching television are all examples of non-economic activities Non-market activities are the production for self-consumption. The three activities most often reported are cleaning, cooking and child minding.
Question-8
Why are women employed in low paid work?
Solution:
Women are paid for their work when they enter the labour market. Their earning, like that of their male counterpart, is determined on the basis of education and skill. A majority of the women have meagre education and low skill formation and hence women are paid low compared to men. Most women work where job security is not there.
Question-9
How will you explain the term unemployment?
Solution:
Unemployment is said to exist when people who are willing to work at the going wages but cannot find jobs.
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