Of all the resources at our disposal, the human resource happens to be most important one. Let us explore more on this topic in the following set of videos.
Introduction to CBSE Class 9 Social Science Economics Chapter "People as Resource"
“People as Resource” is an innovative angle on how populations are viewed in economics, not just as numbers, but as a valuable asset that can be harnessed to propel a country’s growth. The chapter emphasizes the idea that humans can enhance their productive capacity through investments in education, training, and medical care, thus becoming a resource rather than a liability.
This chapter discusses how a population turns into a valuable resource when investments are made in human capital, which includes the skills, knowledge, and experience possessed by an individual. It touches upon the quality of the population, which depends on the educational skills and the health of people, determining the productivity of the workforce.
The chapter also examines issues such as unemployment and how it turns the population into a non-resource. It further explores the various ways to upgrade the human capital and the importance of education and health in this process. The concept of human capital formation and its role in the overall economic development of a country is also elaborately explained.
Assignments for CBSE Class 9 Social Science Economics Chapter “People as Resource”
- Population and Resources: Research and present a case study on how a particular country has effectively utilized its human resource for economic development.
- Debate on Education Investment: Organize a debate on the statement “Investing in education is the most effective way of improving the quality of human capital.”
- Survey on Health Facilities: Conduct a survey in your locality to understand the accessibility of health facilities and their impact on human capital formation.
- Role-Play on Job Interviews: Role-play a job interview scenario to understand the skills and qualifications required for different jobs.
- Human Capital Profile: Create profiles of individuals showcasing their skills and qualifications and how these contribute to their economic productivity.
Conclusion
The chapter “People as Resource” provides a unique perspective on the population of a country, which is an essential segment of CBSE Class 9 Social Science Economics. It challenges students to see the workforce as an asset that, when properly educated and healthy, can contribute significantly to the nation’s economy. This chapter underscores the transformative power of human capital and its necessity for sustainable economic growth.
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Questions and Answers for CBSE Class 9 Social Science Economics Chapter "People as Resource"
- Q1: What is meant by ‘People as Resource’?
ANS: ‘People as Resource’ is a way of referring to the country’s population as an asset rather than a burden, focusing on the positive potential of human capital when it is nurtured through education and health. - Q2: How does education contribute to human capital formation?
ANS: Education enhances the knowledge, skills, and abilities of individuals, thereby improving their productivity and efficiency, which contributes to human capital formation. - Q3: What is the role of health in human capital formation?
ANS: Good health increases the efficiency and productivity of individuals, making them a valuable asset to the workforce, which contributes to human capital formation. - Q4: Why is unemployment a situation of wasted resources?
ANS: Unemployment leads to wastage of manpower resources as the unemployed individuals, who are willing to work, do not get the opportunity to contribute to the economic growth. - Q5: What is the significance of human capital to a country’s economy?
ANS: Human capital is significant to a country’s economy as it enhances the quality and quantity of the workforce, leading to increased productivity and economic output. - Q6: How can a large population be turned into a productive asset?
ANS: A large population can be turned into a productive asset by investing in education, health care, and vocational training, which enhances the population’s employability and productivity. - Q7: What is the difference between ‘human capital’ and ‘human development’?
ANS: ‘Human capital’ refers to the economic value of a worker’s experience and skills, while ‘human development’ is a broader concept that includes human capital but also encompasses overall improvement in well-being and quality of life. - Q8: Can a country with a smaller population have a greater human capital than a country with a larger population?
ANS: Yes, if the smaller population is better educated, healthier, and has more access to opportunities, it can have greater human capital. - Q9: How does a skilled workforce attract multinational corporations?
ANS: A skilled workforce attracts multinational corporations because it ensures that there is a pool of capable employees who can contribute to high productivity and innovation. - Q10: Why is skill development crucial in the modern economy?
ANS: Skill development is crucial in the modern economy because it prepares individuals to perform various tasks required in different industries, leading to innovation and a competitive edge in the global market.
