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    People As Resources: 2. How Is Human Resource Different From Other Resources Like Land and

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    hlwunikh
    This document discusses human capital and human resources. It defines people as a resource as a country's working population and their existing skills. Human resources are superior to other resources like land and capital because people can use other resources to produce outputs, while other resources cannot be useful on their own. Education and health are important for human capital formation as they enhance individual productivity and economic growth.

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    People As Resources: 2. How Is Human Resource Different From Other Resources Like Land and

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    hlwunikh
    29 views3 pages
    This document discusses human capital and human resources. It defines people as a resource as a country's working population and their existing skills. Human resources are superior to other resources like land and capital because people can use other resources to produce outputs, while other resources cannot be useful on their own. Education and health are important for human capital formation as they enhance individual productivity and economic growth.

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    This document discusses human capital and human resources. It defines people as a resource as a country's working population and their existing skills. Human resources are superior to other resources like land and capital because people can use other resources to produce outputs, while other resources cannot be useful on their own. Education and health are important for human capital formation as they enhance individual productivity and economic growth.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    29 views3 pages

    People As Resources: 2. How Is Human Resource Different From Other Resources Like Land and

    Uploaded by

    hlwunikh
    This document discusses human capital and human resources. It defines people as a resource as a country's working population and their existing skills. Human resources are superior to other resources like land and capital because people can use other resources to produce outputs, while other resources cannot be useful on their own. Education and health are important for human capital formation as they enhance individual productivity and economic growth.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    People as resources

    Question 1.What do you understand by ‘people as a resource’?


    Answer : People as a resource is a way of referring to the country’s working population
    in terms of their existing productive skills and abilities.
    Question 2. How is human resource different from other resources like land and
    physicalcapital?
    Answer : Human resource makes use of other resources like land and physical capital to
    produce an output. The other resources cannot become useful on their own. This is the
    reason why human resource is considered to be superior to the other resources.
    Question 3. What is the role of education in human capital formation?
    Answer : Education is the most important component of human resource development.
    →Proper education and training enable the formation of this human capital. An
    educated population is an asset, a resource.

    → Education enhances the quantity and quality of individual productivity, which in turn
    adds to the growth of the economy.

    →It develops personality and sense of national consciousness among the people which
    are important for rapid economc growth.

    Question 4.What is the role of health in human capital formation?


    Answer : Health plays an important role in human capital formation. A healthy person is
    more likely to realize his full potential and can become an asset for the economy.An
    unhealthy person is less likely to realize his potential and can become a liability for the
    economy.
    Question 5.What part does health play in the individual’s working life?
    Answer : The health of an individual helps him to realise his potential and also gives him
    the ability to fight illness. An unhealthy individual is a liability to his place of work. The
    health of a person is directly related to his efficiency. As compared to an unhealthy
    individual, a healthy person can work more efficiently and with greater productivity.

    Question 6. What are the various activities undertaken in the primary sector, secondary
    sector and tertiary sector?
    Answer :
    Primary sector
    Primary sector comprises activities related to the extraction and production of natural
    resources. Agriculture, forestry, animal husbandry, fishing, poultry farming, mining and
    quarrying are the activities undertaken in this sector.
    Secondary sector Secondary sector comprises activities related to the processing of
    natural resources. Manufacturing is included in this sector.

    Tertiary sector

    Tertiary sector comprises activities that provide support to the primary and secondary
    sectors through various services. Trade, transport, communication, banking, education,
    health, tourism, insurance, etc., are examples of tertiary activities.

    Question 7. What is the difference between economic activities and non-economic


    activities?
    Answer : Activities that add value to the national income are called economic activities.
    These have two parts – market activities (production for pay or profit) and non-market
    activities (production for self consumption).
    Non-economic activities are the ones that do not add to the national income; for
    example, an individual performing domestic chores.
    Question 8. Why are women employed in low paid work?
    Answer : Education and skill are the major determinants of the earning of any individual
    in the market. Due to gender discrimination, women are generally denied the education
    and the necessary skills to become worthy contributors to the national income. As a
    result, a majority of women have meagre education and low skill formation. This is one
    of the reasons why they get paid less than men.
    Question 9. How will you explain the term unemployment?
    Answer : Unemployment is a situation in which people who are able and willing to work
    at the going wages cannot find jobs.
    An individual is termed as unemployed if he or she is part of the workforce of a country,
    and is capable and willing to work for payment, but is unable to do so.

    Question 10. What is the difference between disguised unemployment and seasonal
    unemployment?
    Answer :
    Disguised unemployment: When more persons are working in a job than actually
    required, the situation is termed asdisguised unemployment. For example, if in an
    agricultural activity eight people are engagedbut this work/activity actually requires the
    services of five people, then three persons are extra.If these three people out of eight
    are withdrawn, total production will remain unaffected.
    Seasonal unemployment: Seasonal unemployment occurs when people are able to find
    jobs only during some months ofthe year. For Example,Agricultural labourers find work
    only during the busy seasons, i.e., sowing, harvesting, weeding and threshing. This is
    because of the seasonal character of agriculture in India.
    Question 11. Why is educated unemployed, a peculiar problem of India?
    Answer : Educated Unemployment is the situation wherein a number of youth with
    matriculation, graduation and post graduation degrees are not able to find suitable jobs.
    India has a huge population and every year a large number of people graduate from
    schools and colleges. Employment generation in various sectors is not keeping pace
    with the number of educated people coming out of educational institutions. Due to this,
    educated unemployed is a peculiar problem of India.
    Question 12. In which field do you think India can build the maximum employment
    opportunity?
    Answer : India can build the maximum employment opportunity in the agricultural
    sector and its based industries. Agriculture is the most labour absorbing sector of the
    economy. When the efficient and quality packaging happen with agricultural products
    then it can generate a lot of employement oppurtunities.
    Question 13. Can you suggest some measures in the education system to mitigate the
    problem of the educated unemployed?
    Answer : Measures in the education system to mitigate the problem of the educated
    unemployed:
    → Make education at the secondary level more career-oriented, which would endow
    individuals with not only education but also the requisite skills for gaining successful
    employment.
    → Create a sort of screening process whereby each individual chooses subjects that suit
    his or her abilities.
    → The introduction of newer subjects and fields of study at the school level should be
    accompanied by a growth of job opportunities in the sectors that would employ the
    students electing to study such subjects.
    Question 15. Which capital would you consider the best — land, labour, physical capital
    and human capital? Why?
    Answer : Human capital makes use of the other resources like land, labour and physical
    capital to produce an output. The other resources cannot become useful on their own.
    Hence, human capital may well be considered the best among all the resources.

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