Ques1 What do you understand by ‘people as a resource’?
Ques 2. Define human capital formation.
Ques 3.Classify Economic Activities.
Ques 4. Why are women employed in low paid work?
Ques 5. What is the role of education in human capital formation?
Answers
Answer:
Ques1 What do you understand by ‘people as a resource’?
Ans ‘People as Resource’ refers to a country’s working people in terms of their existing
productive skills and abilities. Human resource is an asset for the economy rather than a
liability. Population becomes human capital when there is investment made in the form of
education, training and medical care.
Ques 2. Define human capital formation.
Ans. Adding more in terms of higher education, skills and nutrition to add productivity to the
existing human capital is called human capital formation
Ques 3. Classify Economic Activities.
Ans. 1. Primary- Exploiting the natural resources for income generation. Example- Farming,
mining etc.
2. Secondary- Transforming the primary goods into finished goods. Also known as industrial
or manufacturing activities. Example- Oil seeds into oil, sugarcane into sugar etc.
3. Tertiary – It provides support to the primary and secondary sectors through various
services like transport, communication ,banking ,education etc.
Ques4. Why are women employed in low paid work?
Ans . Due to historical and cultural reasons in India there has been a division of labour
between male and female population in India. Men are expected to do outside activities for
livelihood and women are expected to perform the household chores. As a result women lag
behind in terms of education, nutrition and skill development essential to perform economic
activities. 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 due to meagre education and low skill formation and hence women are paid low compared to men. Most women work where job security is not there.
Ques-5. What is the role of education in human capital formation?
Ans Education is the most important component of human resource development.
1. Proper education and training enable the formation of the human capital.
2. An educated person is an asset as education enhances the quality and quantity of
individual productivity which in turn leads to the growth of economy.
3. It develops personality and sense of national consciousness among the people and is
good for rapid economic growth.
4. With investments made on education one can yield a high return as it opens new
horizons and also improves quality of governance.
Explanation:
People as resource is a way of referring county working people in terms of their existing productive skills and abilities It is people who have ability to contribute to create the gross national product.People and, therefore consider to be the most important resource of our country .This resource is known as human resources this is the popular side of large population .The all round development of a country depends not so much on the size of population as on skills, awareness, technically knowledge, health, etc.... of the people .thus population is an assent for the economy rather than realibility