Notes of economics chapter (People as Resource) class 9
Answers
Answer:
CBSE Class 9 Revision Notes Economics People as Resource
Population of a nation can be its asset rather than liability.
‘People as resource’ refers to a country’s working people in terms of their existing productive skills and abilities.
When existing human resource is developed by becoming educated and healthy it turns into human capital.
Human capital is superior to other resources like land and physical capital, as it uses these capitals and adds value to them.
Investment in human capital via education and medical care can give high returns in the future. Country like Japan have invested a lot in human resources. They do not have rich natural resources, but still they are called developed nations.
Human beings perform many activities which can be grouped into economic and non-economic.
Economic Activities: Economic activities refer to those activities of man which are undertaken for a monetary gain or to satisfy his/her wants. The activities of workers, farmers, shopkeepers, manufacturers, doctors, lawyers, taxi drivers, etc. fall under this category.
Market Activities and Non-Market Activities
Economic activities are also called as market activities.
Non-market activities are production for self-consumption.
Non-Economic Activities: Non-economic activities are ones that are not undertaken for any monetary gain. These are also called unpaid activities, e.g.., Puja-paath, housekeeping, helping the poor or disabled, etc.
Classification of Economic Activities. Various economic activities can be classified into
three main sectors, that is primary sector, secondary sector, and tertiary sector. The primary sector includes activities like agriculture, forestry, animal husbandry, fishing, poultry, farming and mining. In this sector, goods are produced by exploiting nature. In the secondary sector, manufacturing (small and large) and construction activities are included. The tertiary sector (also called service sector) provides various types of services like transport, education, banking, insurance, health, tourism, etc.
Answer:
I know you are no gonna read this....but i have told the answer...it's not full notes cz it's too long to type
Explanation:
(i) People as resource is a way of referring to a country's working people, in terms of their existing productive skills and abilities.
(ii) When the existing 'human resource' is further
developed by becoming more educated and healthy, we
call it human capital formation. It adds to the productive power of the country. (iii) Investment in human capital (through education, training, medical care) yields a investment in physical
capital.
(iv) Human capital is in one way superior to other resources like land and physical capital because human resource can make use of land and capital.
(v) Land and capital cannot become useful on their own.
vi) For many decades in India, a large population has been considered a liability rather than an asset.
vii) A large population can be turned into a productive asset by investment in human capital i.e., by spending resources on education and health for all.
viii) Educated parents invest in the education of their children.
ix) They are also conscious of proper nutrition and
hygiene.
x) As a result of the investment in children, a virtuous cycle is created.
xi) A vicious cycle may be created by disadvantaged parents who, themselves being uneducated keep their children in similarly disadvantaged state.
Human Activities
Human beings perform many activities which can be grouped into economic end noneconomic.
1. Economic Activities: Economic activities refer to those activities of man which are undertaken for a monetary gain to satisfy his/her needs. The activities of workers, farmers, shopkeepers, manufacturers, doctors, lawyers, taxi drivers, etc. fall under this category.
II. Non-Economic Activities: Non-economic activities are ones that are not undertaken for any monetary gain. These are also called unpaid activities, e.g., Puja in one's own home, housekeeping, helping the poor or disabled, etc.
Economic Activities by Men and Women
• Various economic activities have been classified into 3 sectors i.e., primary, secondary andtertiary. (i) Primary Sector Primary sector includes
agriculture forestry, animal husbandry, fishing, poultry farming and mining. (ii) Secondary Sector Manufacturing and
construction are included in the secondary sector. (iii) Tertiary Sector Trade, transport, communication, banking, education health, tourism services, insurance etc are included in the tertiary sector.
MARKET ACTIVITIES VS NON-MARKET
ACTIVITIES
• Economic activities also called market activities are those activities in which income is got in return for the work done.
(i) Market Activities These involve remuneration to
anyone who performs the activity, i.e.,activity
performed for pay or profit.
These include production of goods and services and also includes government service. (ii) Non Market Activities Non market activities production for self consumption. These can be
consumption and processing of primary products
and own account production of fixed assets.
Division of Labour Between Men and
Women
(i) Due to historical and cultural reasons, there is a division of
labour between men and women in the family. (ii) Women generally look after domestic work and men work in the fields. The women who work in the homes are not paid anything, while the men who work outside the homes
earn wages. (iii) Women get paid for their work only when they enter the labour market.
(iv) The earnings of women are determined on the basis of skill and education.
(v) Education and skill are the major determinants of the
earning of any individual in the market. (vi) Women have very less education and low skill formation and are paid lowes compared to men..