Podcast
Questions and Answers
What is the primary focus of the chapter 'People as Resource'?
What is the primary focus of the chapter 'People as Resource'?
- To highlight the negative impacts of population growth on the economy
- To emphasize the importance of education and training for human capital formation (correct)
- To demonstrate the correlation between population size and economic development
- To analyze the role of government in controlling population growth
What is the term used to describe the working population in terms of their existing productive skills and abilities?
What is the term used to describe the working population in terms of their existing productive skills and abilities?
- Productive power
- Economic asset
- Human capital
- Human resource (correct)
What is the outcome of investment in human capital through education, training, and medical care?
What is the outcome of investment in human capital through education, training, and medical care?
- Decreased economic development
- Reduced productive power
- Increased population growth
- Return on investment, similar to physical capital formation (correct)
Why is population considered a resource, rather than a liability?
Why is population considered a resource, rather than a liability?
What is the term used to describe the process of developing the existing human resource through education, training, and medical care?
What is the term used to describe the process of developing the existing human resource through education, training, and medical care?
What is the underlying assumption of the concept of 'People as Resource'?
What is the underlying assumption of the concept of 'People as Resource'?
What is a key factor that contributes to higher productivity in individuals?
What is a key factor that contributes to higher productivity in individuals?
What is an example of how technology can improve productivity?
What is an example of how technology can improve productivity?
What has come to be valued more than material resources in the Indian IT industry?
What has come to be valued more than material resources in the Indian IT industry?
What is implied by the phrase 'human capital'?
What is implied by the phrase 'human capital'?
What is the relationship between human capital and traditional factors of production?
What is the relationship between human capital and traditional factors of production?
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