explain the following terms human resource investment productivity economic activity human capital formation and employment disguised unemployment literacy rate infrastructure mortality rate birth rate and death rate
Answers
Answer:
Economic activities: activities that 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 example: 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 every year in a country or state.
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