Class 9 Social Science — Chapter 2: People as Resource

What you'll learn

• ▸The Concept of Human Capital
• ▸Human Capital Formation
• ▸Impact of Education and Health: The Stories of Sakal and Vilas
• ▸Virtuous and Vicious Cycles of Human Capital
• ▸Classification of Economic Activities: Primary, Secondary, and Tertiary Sectors
• ▸Market and Non-Market Activities
• ▸Economic Role of Women

Chapter Summary

--- PAGE 1 --- 2 Chapter 0970CH02 People as Resource Overview The chapter 'People as Resource' is an effort to explain population as 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. 'People as Resource' is a way of referring to a country's working people in terms of their existing productive skills and abilities. Looking at the population from this productive aspect emphasises its ability to contribute to the creation of the Gross National Product. Like other resources population also is a resource — a 'human resource'. This is the positive side of a large population that is often overlooked when we look only at the negative side, considering only the problems of providing the population with food, education and access to health facilities. When the existing 'human resource' is furt…

Practice Questions from this Chapter

Tap "Get Solution" on any question to ask our AI tutor.

1. Define human capital simply. Get Solution →
2. Explain Sakal's economic journey. Get Solution →
3. List national health benefits. Get Solution →
4. According to the chapter, what is the definition of 'human capital'? Get Solution →
5. What are the three main sectors of economic activities mentioned in the text? Get Solution →
6. Which economic sector includes activities like agriculture, forestry, and fishing? Get Solution →
7. In the story of Sakal, what vocational course did he study after his father raised a loan for him? Get Solution →
8. What are 'market activities' as defined in the chapter? Get Solution →

Did you know?

• 💡 Learning a new skill actually changes the physical structure of your brain.
• 💡 The first known schools appeared over 4,000 years ago in Mesopotamia.
• 💡 Your brain uses 20% of your body's energy while only 2% of your weight.
• 💡 Before computers, skilled people called "human computers" performed complex calculations.
• 💡 Humans are the only species that can pass on learned knowledge across generations.

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