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CLASS 9
CHAPTER NO.2
ECONOMICS
PEOPLE AS RESOURCE
Page 2


CLASS 9
CHAPTER NO.2
ECONOMICS
PEOPLE AS RESOURCE
C O N T E N T S
1. Introduction
3. Stories of Sakal & Vilas
2. Human as Resource
4. Economic Activities 
5. Quality of Population
6. Unemployment 
7. Employment Scenario 
Page 3


CLASS 9
CHAPTER NO.2
ECONOMICS
PEOPLE AS RESOURCE
C O N T E N T S
1. Introduction
3. Stories of Sakal & Vilas
2. Human as Resource
4. Economic Activities 
5. Quality of Population
6. Unemployment 
7. Employment Scenario 
I N T R O D U C T I O N
'People as Resource' is a way to relate to the working
people of a country with respect to their current
functional skills and abilities. 
Human resources is not a liability but an asset the
economy. 
The population becomes human capital when
investment in the form of education, training, and
health care is made.
Human capital, in essence, is the stock of skill and
productive knowledge embodied within it.
Page 4


CLASS 9
CHAPTER NO.2
ECONOMICS
PEOPLE AS RESOURCE
C O N T E N T S
1. Introduction
3. Stories of Sakal & Vilas
2. Human as Resource
4. Economic Activities 
5. Quality of Population
6. Unemployment 
7. Employment Scenario 
I N T R O D U C T I O N
'People as Resource' is a way to relate to the working
people of a country with respect to their current
functional skills and abilities. 
Human resources is not a liability but an asset the
economy. 
The population becomes human capital when
investment in the form of education, training, and
health care is made.
Human capital, in essence, is the stock of skill and
productive knowledge embodied within it.
Human capital
Page 5


CLASS 9
CHAPTER NO.2
ECONOMICS
PEOPLE AS RESOURCE
C O N T E N T S
1. Introduction
3. Stories of Sakal & Vilas
2. Human as Resource
4. Economic Activities 
5. Quality of Population
6. Unemployment 
7. Employment Scenario 
I N T R O D U C T I O N
'People as Resource' is a way to relate to the working
people of a country with respect to their current
functional skills and abilities. 
Human resources is not a liability but an asset the
economy. 
The population becomes human capital when
investment in the form of education, training, and
health care is made.
Human capital, in essence, is the stock of skill and
productive knowledge embodied within it.
Human capital
HUMAN RESOURCE
People who are part of the workforce are called human resource. 
By contributing in productivity, the human resource plays a
significant role in the economy of a country. 
Any other resource becomes useful only because of the input by
the human resource.
Investment in human capital yields a return like investment in other
resources. 
Investment in human capital is done through education, training
and healthcare. 
A person with better education usually earns better than an
uneducated person.
Moreover, a healthy person is more productive.
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