Question

The topic for group discussion is -
1. Economic and Non- Economic Activity
2. Factors of Production
3. Poverty
4. People as a Resources
5 . Unemployment In India​

Answer 1

Answer:

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Answer 2

Explanation:

1. Economic activities are those activities of man which are undertaken for earning money. Whereas non economic activities are those activities that are not undertaken for any monetary gain.
2. In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, finished goods and services. The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function
3. Poverty is a state or condition in which a person or community lacks the financial resources and essentials for a minimum standard of living. Poverty means that the income level from employment is so low that basic human needs can't be met
4. People as Resource' is a way of referring 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.
5. Unemployment Rate in India averaged 9.21 percent from 2018 until 2020, reaching an all time high of 23.50 percent in April of 2020 and a record low of 6.70 percent in November of 2018.

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