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Mind Map: People as Resource | Social Studies (SST) Class 9Mind Map: People as Resource | Social Studies (SST) Class 9

The document Mind Map: People as Resource | Social Studies (SST) Class 9 is a part of the Class 9 Course Social Studies (SST) Class 9.
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FAQs on Mind Map: People as Resource - Social Studies (SST) Class 9

1. What is meant by 'People as Resource' in economics?
Ans. 'People as Resource' refers to the concept that human beings possess skills, knowledge, and abilities that can contribute to economic growth and development. This perspective emphasizes the importance of investing in human capital through education and training, enhancing productivity and innovation in the workforce.
2. How do education and skill development impact economic growth?
Ans. Education and skill development are critical for economic growth as they equip individuals with the necessary knowledge and skills to participate effectively in the labor market. A well-educated workforce can lead to higher productivity, innovation, and competitiveness, ultimately driving economic advancement and improving living standards.
3. What role does population play in the context of 'People as Resource'?
Ans. Population plays a significant role in 'People as Resource' as it represents the potential human capital available for economic activities. A balanced population structure, with a good proportion of working-age individuals, can enhance labor supply and economic productivity. However, it is essential that this population is well-educated and skilled to maximize its potential.
4. How can countries effectively utilize their human resources?
Ans. Countries can effectively utilize their human resources by investing in education and training programs, creating job opportunities, and promoting policies that enhance labor market participation. Additionally, fostering a conducive environment for entrepreneurship and innovation can lead to the optimal use of human resources, boosting economic development.
5. What are the challenges associated with managing human resources?
Ans. Challenges in managing human resources include addressing skill mismatches in the labor market, ensuring equitable access to education and training, managing demographic changes, and adapting to technological advancements. Organizations and governments must navigate these challenges to harness the full potential of their human resources effectively.
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