NCERT Solutions For Class 9 Social Science Economics Chapter 2 People as resource
NCERT Solutions For Class 9 Social Science Economics Chapter 2 People as resource Question-1 What do you understand by ‘people as a resource’? Solution: ‘People as Resource’ is a way of referring to a country’s working people in terms of their existing productive skills and abilities. Human resource is an asset for the economy rather than a liability. Population becomes human capital when there is investment made in the form of education, training and medical care. In fact, human capital is the stock of skill and productive knowledge embodied in them. Question-2 How is human resource different from other resources like land and physical capital? Solution: Human resource is different in the following ways: Land and other resources are fixed, limited and specified whereas human resources can be nurtured through education and health. Human resources can bring a change in other resources whereas other resources can not change or affect human resource. Human resource can make use of land an...