Conclusion – NCERT Notes Class-9 Economics: Chapter-2: People as Resource

Overview

Human capital is the knowledge, skills, and abilities within a population that is crucial for economic growth and productivity. It is superior to other resources like land and physical capital as it can be utilized efficiently. In India, a large population can be transformed into a productive asset by investing in human capital, such as education, health, and modern technology training....

Economic Activities by Men and Women

Vilas and Sakal are examples of individuals engaged in various activities, classified into primary, secondary, and tertiary sectors. Primary sectors include agriculture, forestry, animal husbandry, fishing, poultry farming, mining, and quarrying. Secondary sectors include manufacturing and trade, transport, communication, banking, education, health, tourism, services, and insurance. Economic activities, which contribute to the national income, have two parts: market activities and non-market activities. Women are not paid for their domestic work, and their earnings are determined by education and skill. However, many women have meagre education and low skill formation, leading to low wages and job security. Employment in the informal sector is characterized by irregular and low income, with no basic facilities like maternity leave, childcare, and social security systems. High-education and skill formation women are paid at par with men....

Quality of Population

Population quality is influenced by literacy rate, health, life expectancy, and skill formation, which ultimately determines a country’s growth rate, making a literate and healthy population an asset....

Conclusion – NCERT Notes Class-9 Economics: Chapter-2: People as Resource

The chapter discusses the different ways in which human capital can be developed. These include education, training, and health care. Education provides people with the knowledge and skills they need to be productive workers. Training provides people with the specific skills they need to perform particular jobs. Health care helps to keep people healthy and productive. The chapter concludes by discussing the challenges to human capital development in India. These challenges include poverty, malnutrition, and lack of access to education and health care. The chapter also discusses the policies that the government can implement to address these challenges....

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