People As Resource

Question 1

What is ‘People as Resource’?

Answer 1

People as resource is a way of referring to a country’s working people in terms of their existing productive skills and abilities.

Question 2

What is human capital formation?

Answer 2

When the existing human resource is further developed by becoming more educated and healthy, it is called as human capital formation that adds to the productive power of the country just like physical capital formation

Question 3

What is market and non market activities?

Answer 3

Economic activities are of two types - market and non- market activities. Market activities - Activities that include remuneration to anyone who performs i.e. activity performed for money or profit. These include production of goods and services including government services.
Non Market activities - activities performed for self consumption. These activities focus on meeting needs or interests without the primary goal of making money.

Question 4

Quality of the population depends on?

Answer 4

Quality of the population depends on the literacy rate, health of a person, life expectancy and skill formation acquired by the people of the country. The quality of the population decides the growth rate of the country.

Question 5

Advantages of Education?

Answer 5

• Education helps an individual to make better use of economic opportunities available before them
• Education and skill are the major determinants for the earning of an individual.
• Education opens new horizon, provide new aspirations and develops values of life.
• Education also contributes towards the growth of the society.
• Education not only increases personal income but an educated population increases the national income.
• Education also increases the efficiency of governance.

-Literacy is not only a right but is also needed if the citizens are to perform their duties properly.

Question 6

Steps taken by the govt to promote education in India.

Answer 6

• Navodaya Vidyalayas have been set up in each district to provide quality education
• Vocational streams have been developed to equip a large number of high school students with occupations related to knowledge and skills,
• Sarva Shiksha Abhiyan has been launched to provide elementary education to all children in the age group 6-14 years by 2010.
• Bridge courses and back to school camps have been set up.
• Mid-day meal scheme has been implemented to encourage attendance and retention of children. It also aims at providing nutritional status to children.

Question 7

What is unemployment?

Answer 7

Unemployment is said to exist when people who are willing to work and are able to work at the going wages are unable to find jobs.

Question 8

What are the consequences of Unemployment?

Answer 8

• Wastage of manpower resource.
• Increase in dependent population.
• Poor quality of life
• Poverty