NCERT explained

9th Social Science NCERT Economics Chapter 2

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– People as a Resource: The chapter emphasizes how population can be an asset for the economy through investment in education, training, and healthcare, turning it into human capital that contributes to the Gross National Product.

– Economic Activities in Different Sectors: It covers the activities in the primary, secondary, and tertiary sectors of the economy, highlighting the role of each sector in economic development.

– Unemployment Issues: Discusses various types of unemployment like disguised and seasonal, along with the challenges of educated unemployment and potential solutions in the education system.

– Story of Village Development: Concludes with the story of a village initially lacking in employment opportunities, showcasing how human capital development led to economic prosperity and job creation【4:2†source】.

What do you understand by 'people as a resource'?

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How is human resource different from other resources like land and physical capital?

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What is the role of education in human capital formation?

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What is the role of health in human capital formation?

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What part does health play in the individual’s working life?

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