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People As Resource
Question
How will you explain the term unemployment?
Solution
Unemployment:
(i)Unemployment is said to exist when people who are willing to work at the going wages cannot find job.
(ii)Unemployment in a country refers to that situation where in large number of working population is willing to work at the existing rate of wages but due to several reasons they fail to get any work.
(iii)The working population includes people from 15 to 59 years. Boys and girls below the age of 15 years and men and women above the age of 59 do not fall in the category of working population.
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Some More Questions From People As Resource Chapter
Why are women employed in low paid work?
How will you explain the term unemployment?
What is the difference between disguised unemployment and seasonal unemployment?
Why is educated unemployment, a peculiar problem of India?
In which field do you think India can build the maximum employment opportunity? Explain.
Can you suggest some measures in the education system to mitigate the problem of the educated unemployed?
Can you imagine some village which initially had no job opportunities but later came up with many?
Which capital would you consider the best—land, labour, physical capital and human capital? Why?
Population can be as ______________ for the economy.
In which field the investment formulates human capital?
Mock Test Series
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