This PSEB 9th Class Social Science Notes Economics Chapter 2 Human Resources will help you in revision during exams.
PSEB 9th Class Social Science Notes Economics Chapter 2 Human Resources
→ Resources: Efforts made by a nation, an organization, or an individual to raise their incomes are known as resources.
→ Natural Resources: Air, minerals, soil, water which are used to satisfy human needs are called natural resources.
→ Human Resources: The size of the population of a country along with its efficiency, educational qualities, productivity, etc. is known as human resources.
→ Cause of Japan & Germany’s Economic Development: They have made investments in human resources, especially in the fields of education and health.
→ Causes of underdevelopment of countries like India, Bangla Desh, Pakistan, etc: It is due to their vast uneducated, unhealthy and unskilled population.
→ Economic Activities: All those activities which are performed to earn money are called economic activities.
→ Non-Economic Activities: All those activities which do not give income in return are called non¬economic activities.
→ Primary Sector: Primary sector is that sector that produces goods by using natural resources.
→ Examples of Primary Sector Activities: Agriculture, animal husbandry, dairy, poultry farming, fishing, mining, forestry, grazing, hunting, etc.
→ Secondary Sector: Secondary sector is that sector that produces finished goods by using the products of the primary sector as raw materials.
→ Tertiary Sector: This sector consists of all services and occupations which are needed to support the activities of primary and secondary sectors.
→ Population as an Asset or Liability for the economy: Illiterate and unhealthy populations are liable for the economy whereas literate and healthy populations are an asset.
→ Unemployment: It refers to a situation in which people are willing to work at the current wages but cannot find work.
→ Seasonal Unemployment: It means when people find jobs during some months and during the remaining months they are unemployed.
→ Disguised, Unemployment: It means more people are engaged in a particular work than required.