Q1. What do you understand by ‘people as a resource’?
Ans: ‘People as a resource’ is a term that means how the population can be an asset and not a liability. It is a way of referring to the working class of society in terms of their existing productive skills and abilities. The population becomes human capital when an investment is made in the form of education and training. Education and health also help human beings to be an asset to the economy. Thus, people as a resource refers to the working population that contributes to the development of society.
Q2. How is human resource different from other resources like land and physical capital?
Ans: Human resources is different in the following ways:
Q3. What is the role of education in human capital formation?
Ans: Education plays a very important role in human capital formation for the following reasons:
An educated human can be considered an asset for the economy and not a liability.
Education can help an individual make better use of economic opportunities. It helps in enhancing the national income, cultural richness, and increases the efficiency of the Government.
It enhances individual productivity in terms of quality and quantity.
Because being educated can help the economic status of an individual, it also develops the consciousness towards society.
An educated person is also aware of health and hygiene, and it will ultimately result in better health for the people of a country.
Q4. What is the role of health in human capital formation?
Ans: The role of health in human capital formation includes:
Q5. What part does health play in the individual’s working life?
Ans: Health plays a crucial role in an individual's working life by influencing various aspects of productivity and performance:
Q6. What are the various activities undertaken in the primary sector, secondary sector and tertiary sector?
Ans:
Primary Sector
Secondary Sector
Tertiary Sector
Q7: What is the difference between economic activities and non-economic activities?
Ans:
Q8. Why are women employed in low-paid work?
Ans: Reasons why women are often paid less than men:
Q9. How will you explain the term unemployment?
Ans: Unemployment refers to a situation where individuals who are able and willing to work cannot find jobs. A person is considered unemployed if they are part of the workforce, capable of working, and actively seeking employment, but are unable to secure a position.
Q10. What is the difference between disguised unemployment and seasonal unemployment?
Ans:
Q11. Why is educated unemployed a peculiar problem in India?
Ans:
Q12. In which field do you think India can build the maximum employment opportunity?
Ans: The employment sector in India is divided into three main categories:
Overall, the manufacturing sector within the secondary category is likely to offer the most employment opportunities in India due to the expansion of industries.
Q13. Can you suggest some measures in the education system to mitigate the problem of the educated unemployed?
Ans: To address the issue of educated unemployment, the education system can implement several measures:
Q14. Can you imagine a village that initially had no job opportunities but later came up with many?
Ans: Rampur was a small village that initially depended on agriculture, which was also dependent on rainfall. Then electricity reached the village, and people could irrigate their fields and could grow 2 to 3 crops in a year and get work. Some people set up small-scale industries that could be run by electricity and provided employment to people. A school was established, and now the population started to become educated and as a result, they could seek employment in and outside the village. The village became prosperous and soon had better health, education, transport and job facilities.
Q15. Which capital would you consider the best: land, labor, physical capital, and human capital? Why?
Ans: Human capital is valuable because it enables the effective use of natural and physical resources for development.
Countries like Japan, despite lacking natural resources, have advanced economically by investing in education and health, enhancing skills, innovation, and productivity.
This efficient use of human capital has made them leaders in technology and industry.
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1. What is meant by 'people as resource' in the context of human capital? | ![]() |
2. How does education contribute to the development of human capital? | ![]() |
3. What are the different types of human resources discussed in the chapter? | ![]() |
4. Why is population growth seen as a challenge in the context of human resources? | ![]() |
5. What role does health play in enhancing human resources? | ![]() |