People as Resources: Economic Activities
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Questions and Answers

What is the primary factor contributing to educated unemployment in India?

  • Lack of career-oriented training in secondary education.
  • Overemphasis on theoretical knowledge rather than practical skills.
  • Mismatch between the number of graduates and job creation. (correct)
  • Insufficient number of educational institutions.

Which sector in India has the highest potential for generating jobs?

  • Information Technology sector.
  • Service sector.
  • Agricultural sector and its related industries. (correct)
  • Manufacturing sector.

What educational reform is suggested to help mitigate the issue of educated unemployment?

  • Delaying entry into secondary level education to increase maturity.
  • Increasing the quantity of subjects taught at school.
  • Making education at the secondary level more career-focused and skills-based. (correct)
  • Implementing a rigorous testing process to ensure capable students graduate.

Which of the following is considered the most valuable form of capital, according to the text?

<p>Human capital. (C)</p> Signup and view all the answers

What is the purpose of a 'screening process' in education with regards to subject selection, as suggested in the text?

<p>To ensure students choose subjects based on their abilities. (B)</p> Signup and view all the answers

What does 'people as a resource' primarily refer to?

<p>The working population's skills and abilities contributing to production. (D)</p> Signup and view all the answers

Why is human resource considered superior to other resources?

<p>Because human resources can utilize other resources to generate output. (D)</p> Signup and view all the answers

Which of the following best describes the role of education in human capital formation?

<p>Education enhances individual productivity and contributes to economic growth. (B)</p> Signup and view all the answers

How does health impact human capital formation?

<p>Good health allows individuals to utilize their full potential and contribute to the economy. (A)</p> Signup and view all the answers

Which sector provides support services to the primary and secondary sectors?

<p>Tertiary sector (B)</p> Signup and view all the answers

What is the key difference between market and non-market activities?

<p>Market activities involve production for pay or profit, while non-market activities are for self-consumption. (C)</p> Signup and view all the answers

An individual's health directly influences their:

<p>Ability to fight illness and work productively. (D)</p> Signup and view all the answers

Why are women often employed in low-paid work?

<p>Women are generally denied the education and necessary skills due to gender discrimination. (A)</p> Signup and view all the answers

Which activities are classified under the primary sector?

<p>Extraction and production of natural resources like agriculture and mining. (B)</p> Signup and view all the answers

What is the main characteristic of unemployment?

<p>People are both willing and able to work but cannot find jobs at the going wages. (D)</p> Signup and view all the answers

What is the main focus of activities in the secondary sector?

<p>Processing of natural resources, like manufacturing. (C)</p> Signup and view all the answers

Which of the following is the best example of a secondary sector activity?

<p>Manufacturing (C)</p> Signup and view all the answers

Which situation describes disguised unemployment?

<p>More people are working on a task than are actually needed. (D)</p> Signup and view all the answers

What is the defining characteristic of seasonal unemployment?

<p>People are only able to find jobs during specific times of the year. (D)</p> Signup and view all the answers

What is a primary factor determining an individual's earning potential in the market?

<p>Education and skill (B)</p> Signup and view all the answers

Which of the following is NOT a tertiary activity?

<p>Agriculture (C)</p> Signup and view all the answers

Flashcards

What are human resources?

The skills, knowledge, and abilities of a country's workforce, contributing to economic productivity.

How are human resources different from land and capital?

Human resources utilize other resources like land and capital to create goods and services; they are the driving force behind productivity.

What's the role of education in human capital formation?

Education enhances the skills, knowledge, and productivity of individuals, contributing to economic growth and national development.

What's the role of health in human capital formation?

Health is vital for individuals to reach their full potential and contribute to the economy. A healthy workforce is more productive.

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How does health impact an individual's working life?

Good health enables individuals to work efficiently and contribute to the economy. An unhealthy worker is less productive.

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What activities are involved in the primary sector?

The primary sector involves extracting and producing natural resources like agriculture, forestry, mining, and fishing.

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What activities are involved in the secondary sector?

The secondary sector focuses on processing and manufacturing raw materials into finished goods, turning natural resources into usable products.

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What activities are involved in the tertiary sector?

The tertiary sector provides services like transportation, communication, healthcare, and education, supporting the other sectors.

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What is educated unemployment?

A situation where a large number of educated people are unable to find suitable jobs, often due to a mismatch between skills demanded by the job market and the skills acquired by graduates.

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Which sector has the potential for maximum employment generation in India?

The agricultural sector can create a significant number of jobs, especially when focusing on efficient packaging and processing of agricultural products.

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Why is the agriculture sector crucial for India?

The agricultural sector, due to its high labour absorption capacity, can create a large number of jobs particularly if we focus on improved packaging and processing of agricultural products.

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What should be the focus of education to address unemployment?

Education should focus on equipping students with both educational knowledge and practical skills needed for employment.

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What are economic activities?

Activities that contribute to a nation's income are called economic activities, including market activities (production for profit) and non-market activities (production for self-consumption).

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Why is human capital considered the best resource?

Human capital, which encompasses knowledge, skills, and abilities, is the most important resource. It enables the utilization of other resources like land, labor, and physical capital to create goods and services. Without human capital, these other resources are useless.

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What are non-economic activities?

Actions that don't contribute to national income are called non-economic activities, such as domestic chores.

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Why do women often earn less?

Gender discrimination often restricts women's access to education and skills training, limiting their earning potential.

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What is unemployment?

Unemployment occurs when people who are able and willing to work at prevailing wages cannot find jobs.

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What is disguised unemployment?

Disguised unemployment exists when more people work in a job than necessary.

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What is seasonal unemployment?

Seasonal unemployment occurs when jobs are available only during specific months.

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What's the difference between Disguised and Seasonal Unemployment?

Disguised unemployment is a situation where more people work in a job than what's actually needed, while seasonal unemployment occurs when jobs are available only during specific periods.

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Study Notes

People as Resources

  • People as a resource refers to the working population's skills and abilities.
  • Human resources differ from other resources (land, physical capital) as they use those resources to produce outputs. Other resources can't be productive on their own.
  • Education is a vital component of human capital development, enabling productivity and national consciousness.
  • Health is crucial for human capital; a healthy person has higher potential and is more productive. Unhealthy individuals can become liabilities.
  • Health directly impacts working life efficiency.
  • Primary sector activities include extracting and producing natural resources (e.g., agriculture, forestry, fishing).
  • Secondary sector activities process natural resources (e.g., manufacturing).
  • Tertiary sector activities support the primary and secondary sectors with services (e.g., trade, transportation, communication, finance).

Economic Activities vs. Non-Economic Activities

  • Economic activities add value to national income.
  • Economic activities can be market-based (paying for profit) or non-market (producing for self-consumption).
  • Non-economic activities do not contribute to national income (e.g., household chores).

Unemployment

  • Unemployment is when able-bodied individuals who want work can't find it.
  • Disguised unemployment occurs when more workers are needed than actually used in a task.
  • Seasonal unemployment appears during certain periods (often linked to agricultural or weather patterns).

Gender and Employment

  • Women often face discrimination, leading to lower pay and fewer opportunities.
  • Education and skills are key determinants of earning potential in the market.

Education and Unemployment

  • Educated unemployment is a specific issue in India, where the number of educated individuals outpaces available employment.
  • Changes in education systems are needed to improve career-oriented skills and prepare students for the job market.

Human Capital

  • Human capital is the most valuable resource, as it can best utilize land, labor, and physical capital to produce output.

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Description

Explore the concept of people as a resource and how human capital influences economic productivity. This quiz delves into the significance of education and health in the workforce and the different sectors of economic activities. Test your knowledge on how these elements contribute to overall national efficiency.

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