Explain the following terms: Human Resource, Investment, Productivity, Economic activities, Market activities, Non-market activities, Non-economic activities, Human Capital Formation, Unemployment, Disguised unemployment, Seasonal unemployment, Literacy Rate, Infrastructure, Infant Mortaity Rate, Birth Rate, Death Rate.
(Please give me the answer correct)
Answers
Answer:
Economic activities : activities which are profitable to the economy of a nation are known as economic activity.
Unemployment : when a person is not doing any work that is profitable to him or for the nation he belongs to and earns nothing, he is said to be in the state of unemployment.
Duisguised unemployment : Is when more than required people work in a place and do work that is very less than there actual potential. In such cases if extra workers leave the work will not be affected at all.
Seasonal Unemployment : this takes place when a person is employed in only a particular season. For ex: some farmers only grow one crop in its season leaving the field empty rest of the year and remain unemployed for the rest of the season.
Literacy rate: is the average of population in a country or state that is educated.
IMR: is the rate of deaths of infants/ child deaths evry year in a country or state.
Human resources (HR)-
it is the department within a business that is responsible for all things work-related.
Economic activity-
Is the activity of making, providing, purchasing, selling goods or services.
Human capital -
Is the stock of habits, knowledge, social and personality attributes embodied in the ability to perform labour so as to produce economic value.