18 Questions
What is the social consequence of the disguised unemployment prevalent in the agriculture sector?
Equal distribution of income among all family members
What characterizes the employment structure in the primary sector in India?
Disguised unemployment with self-employment
How does the low income and productivity of a large number of employed people impact the economy?
Contributes to an inadequate potential for economic growth
What does the appearance of various new services like biotechnology and information technology in the tertiary sector indicate?
A shift towards more technologically advanced jobs
What is the impact of poor people engaging in any activity irrespective of its earning potential?
Keeps earnings at a bare subsistence level
How does the concept of sharing work and produce reduce the hardship of unemployment in the rural sector?
Reduces financial burden by distributing income among family members
How does unemployment impact the quality of life of an individual and society?
It adversely affects the quality of life for individuals and society.
What is the outcome of there being a surplus of manpower in certain categories and a shortage in others?
Creation of a paradoxical manpower situation.
What is the impact of unemployment on the dependence of the unemployed on the working population?
Increases their dependence on the working population.
Why does unemployment represent a great social waste?
Because it reflects the inability of qualified individuals to find gainful employment.
What is one consequence of a dearth of technical skills required for economic growth?
A hindrance to economic growth due to lack of necessary skills.
How does unemployment affect an economy's resource utilization?
It wastes resources by not employing willing educated individuals.
What is a key difference between human capital and other resources like land and physical capital?
Human resource can make use of land and capital, while land and capital cannot become useful on their own.
In the context of the text, why was a large population in India considered a liability?
Due to the surplus of manpower leading to unemployment issues.
Why was Sakal's uncle Shyam sitting idle at home despite passing the matriculation examination?
Due to a lack of job opportunities matching his qualifications.
What motivated Sakal's father to encourage Sakal to continue his studies?
To provide Sakal with better job opportunities in the future.
How did Sakal's vocational course in computers impact his career?
It equipped him with skills for a job in a private firm.
What positive outcome did Sakal achieve as a result of designing a new software?
He helped increase the sales of the firm.
Explore the concept of human capital being superior to land and physical capital, and how a large population can be seen as an asset rather than a liability. Learn about the story of two friends Vilas and Sakal in the village of Semapur.
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