All Courses
Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity Get the App Login Join for Free
Sign in Open App
Humanities/Arts Exam  >  Humanities/Arts Questions  >  What will be the effect on ppc of binary if b... Start Learning for Free
SaveJoin the Discussion on the App
What will be the effect on ppc of binary if better job opportunities are created in bihar?
Clear all your Humanities/Arts doubts with EduRev
Most Upvoted Answer
What will be the effect on ppc of binary if better job opportunities a...
Effect on PPC of Bihar due to Better Job Opportunities

Introduction

The concept of Production Possibility Curve (PPC) is used in economics to illustrate the various combinations of two goods or services that can be produced with limited resources. In the context of Bihar, the creation of better job opportunities can have several effects on the PPC.

1. Expansion of Production Possibilities

Creating better job opportunities in Bihar can lead to an expansion of the production possibilities. As individuals find employment, they contribute to the overall productivity of the state, resulting in an increase in the production of goods and services. This expansion of production possibilities can be visually represented by an outward shift of the PPC curve.

2. Increase in Output and Economic Growth

With better job opportunities, the workforce in Bihar will be utilized more efficiently, leading to an increase in output. As more people are employed, the production capacity of the state will also rise, resulting in economic growth. This increase in output can be depicted by a movement along the PPC curve, showing a higher level of production.

3. Improved Standard of Living

The creation of better job opportunities in Bihar can have a positive impact on the standard of living of its residents. With increased employment opportunities, individuals will have higher incomes and better access to basic necessities. This improvement in living standards can be represented by an upward shift of the PPC curve, indicating an increase in the quality and quantity of goods and services available to the population.

4. Skill Development and Human Capital

To take advantage of the better job opportunities, individuals in Bihar may invest in skill development and education. This can lead to an increase in human capital, which refers to the knowledge, skills, and abilities of individuals. As human capital improves, the productivity and efficiency of the workforce also increase. This can be represented by a shift of the PPC curve towards the right, indicating an increase in the productive capacity of the state.

Conclusion

The creation of better job opportunities in Bihar can have significant effects on the PPC. It can lead to an expansion of production possibilities, increase in output and economic growth, improved standard of living, and the development of human capital. These positive impacts can contribute to the overall development and prosperity of the state.
Explore Courses for Humanities/Arts exam

Similar Humanities/Arts Doubts

Direction: Read the case study given below and answer the questions that follow:Equity refers to making equal access to opportunities available to everybody. The opportunities available to people must be equal irrespective of their gender, race, income and in the Indian case, caste. Yet this is very often not the case and happens in almost every society. For example, in any country, it is interesting to see which group the most of the school dropouts belong to. This should then lead to an understanding of the reasons for such behaviour. In India, a large number of women and persons belonging to socially and economically backward groups drop out of school. This shows that the choices of these groups get limited by not having access to knowledge.Sustainability means continuity in the availability of opportunities. To have sustainable human development, each generation must have the same opportunities. All environmental, financial and human resources must be used keeping in mind the future. Misuse of any of these resources will lead to fewer opportunities for future generations. A good example is about the importance of sending girls to school. If a community does not stress the importance of sending its girlchildren to school, many opportunities will be lost to these young women when they grow up. Their career choices will be severely curtailed and this would affect other aspects of their lives. So, each generation must ensure the availability of choices and opportunities to its future generations.Productivity here means human labour productivity or productivity in terms of human work. Such productivity must be constantly enriched by building capabilities in people.Ultimately, it is people who are the real wealth of nations. Therefore, efforts to increase their knowledge, or provide better health facilities ultimately leads to better work efficiency.Why do we need equity?

Direction: Read the case study given below and answer the questions that follow:Equity refers to making equal access to opportunities available to everybody. The opportunities available to people must be equal irrespective of their gender, race, income and in the Indian case, caste. Yet this is very often not the case and happens in almost every society. For example, in any country, it is interesting to see which group the most of the school dropouts belong to. This should then lead to an understanding of the reasons for such behaviour. In India, a large number of women and persons belonging to socially and economically backward groups drop out of school. This shows that the choices of these groups get limited by not having access to knowledge.Sustainability means continuity in the availability of opportunities. To have sustainable human development, each generation must have the same opportunities. All environmental, financial and human resources must be used keeping in mind the future. Misuse of any of these resources will lead to fewer opportunities for future generations. A good example is about the importance of sending girls to school. If a community does not stress the importance of sending its girlchildren to school, many opportunities will be lost to these young women when they grow up. Their career choices will be severely curtailed and this would affect other aspects of their lives. So, each generation must ensure the availability of choices and opportunities to its future generations.Productivity here means human labour productivity or productivity in terms of human work. Such productivity must be constantly enriched by building capabilities in people.Ultimately, it is people who are the real wealth of nations. Therefore, efforts to increase their knowledge, or provide better health facilities ultimately leads to better work efficiency.What does productivity refer to within the concept of Human Development?

Direction: Read the case study given below and answer the questions that follow:Equity refers to making equal access to opportunities available to everybody. The opportunities available to people must be equal irrespective of their gender, race, income and in the Indian case, caste. Yet this is very often not the case and happens in almost every society. For example, in any country, it is interesting to see which group the most of the school dropouts belong to. This should then lead to an understanding of the reasons for such behaviour. In India, a large number of women and persons belonging to socially and economically backward groups drop out of school. This shows that the choices of these groups get limited by not having access to knowledge.Sustainability means continuity in the availability of opportunities. To have sustainable human development, each generation must have the same opportunities. All environmental, financial and human resources must be used keeping in mind the future. Misuse of any of these resources will lead to fewer opportunities for future generations. A good example is about the importance of sending girls to school. If a community does not stress the importance of sending its girlchildren to school, many opportunities will be lost to these young women when they grow up. Their career choices will be severely curtailed and this would affect other aspects of their lives. So, each generation must ensure the availability of choices and opportunities to its future generations.Productivity here means human labour productivity or productivity in terms of human work. Such productivity must be constantly enriched by building capabilities in people.Ultimately, it is people who are the real wealth of nations. Therefore, efforts to increase their knowledge, or provide better health facilities ultimately leads to better work efficiency.What are the methods of sustainable development?

Direction: Read the case study given below and answer the questions that follow:Equity refers to making equal access to opportunities available to everybody. The opportunities available to people must be equal irrespective of their gender, race, income and in the Indian case, caste. Yet this is very often not the case and happens in almost every society. For example, in any country, it is interesting to see which group the most of the school dropouts belong to. This should then lead to an understanding of the reasons for such behaviour. In India, a large number of women and persons belonging to socially and economically backward groups drop out of school. This shows that the choices of these groups get limited by not having access to knowledge.Sustainability means continuity in the availability of opportunities. To have sustainable human development, each generation must have the same opportunities. All environmental, financial and human resources must be used keeping in mind the future. Misuse of any of these resources will lead to fewer opportunities for future generations. A good example is about the importance of sending girls to school. If a community does not stress the importance of sending its girlchildren to school, many opportunities will be lost to these young women when they grow up. Their career choices will be severely curtailed and this would affect other aspects of their lives. So, each generation must ensure the availability of choices and opportunities to its future generations.Productivity here means human labour productivity or productivity in terms of human work. Such productivity must be constantly enriched by building capabilities in people.Ultimately, it is people who are the real wealth of nations. Therefore, efforts to increase their knowledge, or provide better health facilities ultimately leads to better work efficiency._____________ comes from the idea of moral

Directions: Please read the passage and answer the questions that follows.Students’ protests in Gujarat and Bihar, both of which were Congress ruled states, had far reaching impact on the politics of the two States and national politics. In January 1974 students in Gujarat started an agitation against rising prices of food grains, cooking oil and other essential commodities and against corruption in high places. The students protest was joined by major opposition parties and became widespread leading to the imposition of President’s rule in the state. The opposition parties demanded fresh elections to the state legislature. Morarji Desai, a prominent leader of Congress (O), who was the main rival of Indira Gandhi when he was in the Congress, announced that he would go on an indefinite fast if fresh elections were not held in the state. Under intense pressure from students, supported by the opposition political parties, assembly elections were held in Gujarat in June 1975. The Congress was defeated in this election.In March 1974 students came together in Bihar to protest against rising prices, food scarcity, unemployment and corruption. After a point they invited Jayaprakash Narayan (JP), who had given up active politics and wasinvolved in social work to lead the student movement.He accepted it on the condition that the movement will remain non-violent and will not limit itself to Bihar. Thus the students’ movement assumed a political character and had national appeal.People from all walks of life now entered the movement.Javaprakash Narayan demanded the dismissal of the Congress government in Bihar and gave a call for total revolution in the social, economic and political sphere in order to establish what he considered to be true democracy. A series of Bandhs, Gheraos and strikes were organized in protest against the Bihar government.The government, however refused to resign.Q. The correct statem ents about Gujarat and Bihar movements are:-A. Gujarat and Bihar were Congress ruled statesB. Students in Gujarat star ted an agitation in January 1974C. The student protest was condemned by the opposition partiesD. Jayaprakash Narayan was inv ited to lead the student movement in GujaratE. JP demanded t he dismissal of Congress government in BiharChoose the correct answer from the options given below

Top Courses for Humanities/ArtsView all

Top Courses for Humanities/Arts

What will be the effect on ppc of binary if better job opportunities are created in bihar?
Question Description
What will be the effect on ppc of binary if better job opportunities are created in bihar? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about What will be the effect on ppc of binary if better job opportunities are created in bihar? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What will be the effect on ppc of binary if better job opportunities are created in bihar?.
Solutions for What will be the effect on ppc of binary if better job opportunities are created in bihar? in English & in Hindi are available as part of our courses for Humanities/Arts. Download more important topics, notes, lectures and mock test series for Humanities/Arts Exam by signing up for free.
Here you can find the meaning of What will be the effect on ppc of binary if better job opportunities are created in bihar? defined & explained in the simplest way possible. Besides giving the explanation of What will be the effect on ppc of binary if better job opportunities are created in bihar?, a detailed solution for What will be the effect on ppc of binary if better job opportunities are created in bihar? has been provided alongside types of What will be the effect on ppc of binary if better job opportunities are created in bihar? theory, EduRev gives you an ample number of questions to practice What will be the effect on ppc of binary if better job opportunities are created in bihar? tests, examples and also practice Humanities/Arts tests.
Explore Courses for Humanities/Arts exam

Top Courses for Humanities/Arts

Explore Courses

Suggested Free Tests

Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Get App
© EduRev
Education Revolution
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup