Podcast
Questions and Answers
What was the occupation of Vilas's father?
What was the occupation of Vilas's father?
- A doctor
- A fisherman (correct)
- A landowner
- A fish seller
What was Vilas's mother's daily earning?
What was Vilas's mother's daily earning?
- Rs 100
- Rs 150 (correct)
- Rs 250
- Rs 200
Why couldn't Vilas go to school?
Why couldn't Vilas go to school?
- Because his mother could not afford to send him to school
- Because he was a patient of arthritis (correct)
- Because he was not interested in studies
- Because he had to help his mother in cooking
What was the difference between Sakal and Vilas in terms of their health?
What was the difference between Sakal and Vilas in terms of their health?
What did Vilas's mother do after his father's death?
What did Vilas's mother do after his father's death?
What did Sakal acquire after completing his education?
What did Sakal acquire after completing his education?
What is the main difference between Sakal and Vilas in terms of their work?
What is the main difference between Sakal and Vilas in terms of their work?
What is the result of investment in human resources, such as education and healthcare?
What is the result of investment in human resources, such as education and healthcare?
What is the contribution of educated parents to the economy?
What is the contribution of educated parents to the economy?
What is the primary sector of the economy?
What is the primary sector of the economy?
How does total productivity contribute to the economy?
How does total productivity contribute to the economy?
What is the impact of education on an individual's earnings?
What is the impact of education on an individual's earnings?
What sector of the economy includes manufacturing?
What sector of the economy includes manufacturing?
What is the result of the activities in the tertiary sector?
What is the result of the activities in the tertiary sector?
Why do educated parents invest in their children's education and health?
Why do educated parents invest in their children's education and health?
What is the outcome of a virtuous cycle created by educated parents?
What is the outcome of a virtuous cycle created by educated parents?
What is the reason behind Japan's development and richness?
What is the reason behind Japan's development and richness?
What are the two parts of economic activities?
What are the two parts of economic activities?
Flashcards are hidden until you start studying
Study Notes
Vilas' Story
- Vilas, an 11-year-old boy, lives in a village with his mother Geeta and younger brother Mohan.
- His father, Mahesh, a fisherman, passed away when Vilas was two years old.
- Vilas' mother sells fish to earn a living, buying fish from the landowner's pond and selling it in the nearby market for Rs 150 a day.
- Vilas has arthritis and can't attend school due to his mother's inability to afford medical care.
- He helps his mother with cooking and taking care of his brother.
Comparison with Sakal
- Sakal, unlike Vilas, attends school and is physically strong and healthy.
- Sakal acquires a degree in computer programming and finds a job in a private firm, earning a higher income than Vilas.
- Sakal's education and health care contribute to the growth of the economy.
Importance of Human Resource Investment
- Investment in human resources (education and health care) can yield high returns in the future.
- Educated individuals can earn higher salaries and contribute more to society.
Economic Activities
- Economic activities are classified into three sectors: primary (agriculture, mining, etc.), secondary (manufacturing), and tertiary (trade, transport, communication, etc.).
- The tertiary sector adds value to the national income.
Importance of Education
- Educated parents invest more in their children's education and health.
- A virtuous cycle is created when educated parents prioritize their children's education and health.
- Countries that invest in human resources, like Japan, become rich and developed despite lacking natural resources.
- Efficient use of resources, technology, and education have contributed to the development of these countries.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.