Understanding the key terms from the NCERT Economics Class 9 chapter People as Resource is essential for mastering the concepts of human capital, economic activities, and unemployment. To make your learning easier, we’ve created a set of flashcards that cover all the important terms and their definitions. These flashcards are designed to help you quickly revise and test your knowledge, ensuring you’re well-prepared for exams.
Key Terms from People as Resource
Human Resource
The working population of a country, seen as an asset due to their skills and abilities.
Human Capital
The skills, knowledge, and health of people, improved through education, training, and healthcare.
Productive Knowledge
Skills and knowledge that help people produce goods and services efficiently.
Gross National Product (GNP)
The total value of goods and services produced by a country’s residents in a year.
Market Activities
Work done for pay or profit, like producing goods or providing services.
Non-Market Activities
Work done for self-consumption, like cooking at home or farming for family use.
Economic Activities
Activities that add value to the economy, like farming, manufacturing, or providing services.
Division of Labor
Splitting work among people based on gender, skills, or roles (e.g., men in fields, women at home).
Literacy Rate
The percentage of people in a country who can read and write.
Life Expectancy
The average number of years a person is expected to live.
Infant Mortality Rate
The number of children who die before age 1, per 1,000 live births.
Birth Rate
The number of babies born per 1,000 people in a year.
Death Rate
The number of deaths per 1,000 people in a year.
Seasonal Unemployment
Unemployment during certain months, common in agriculture (e.g., no work after harvest).
Disguised Unemployment
When more people work than needed, and removing them doesn’t affect productivity (e.g., family farms).
Educated Unemployment
When educated people (graduates/post-graduates) can’t find jobs matching their skills.
Workforce Population
People aged 15 to 59 who are able and willing to work.
National Income
The total income earned by a country’s residents from all economic activities.
Virtuous Cycle
A positive loop where educated parents invest in their children’s education and health.
Vicious Cycle
A negative loop where uneducated parents can’t invest in their children’s education or health.
Gender Disparity
Unequal treatment or opportunities between men and women, especially in education and jobs.
Labor Market
The place where workers find jobs and employers hire workers.
Gross Enrollment Ratio (GER)
The percentage of students enrolled in school compared to the total population of that age group.
Health Infrastructure
Facilities like hospitals, clinics, and medical staff that provide healthcare services.
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Human Resource
The working population of a country, seen as an asset due to their skills and abilities.
Human Capital
The skills, knowledge, and health of people, improved through education, training, and healthcare.
Productive Knowledge
Skills and knowledge that help people produce goods and services efficiently.
Gross National Product (GNP)
The total value of goods and services produced by a country’s residents in a year.
Market Activities
Work done for pay or profit, like producing goods or providing services.
Non-Market Activities
Work done for self-consumption, like cooking at home or farming for family use.
Economic Activities
Activities that add value to the economy, like farming, manufacturing, or providing services.
Division of Labor
Splitting work among people based on gender, skills, or roles (e.g., men in fields, women at home).
Literacy Rate
The percentage of people in a country who can read and write.
Life Expectancy
The average number of years a person is expected to live.
Infant Mortality Rate
The number of children who die before age 1, per 1,000 live births.
Birth Rate
The number of babies born per 1,000 people in a year.
Death Rate
The number of deaths per 1,000 people in a year.
Seasonal Unemployment
Unemployment during certain months, common in agriculture (e.g., no work after harvest).
Disguised Unemployment
When more people work than needed, and removing them doesn’t affect productivity (e.g., family farms).
Educated Unemployment
When educated people (graduates/post-graduates) can’t find jobs matching their skills.
Workforce Population
People aged 15 to 59 who are able and willing to work.
National Income
The total income earned by a country’s residents from all economic activities.
Virtuous Cycle
A positive loop where educated parents invest in their children’s education and health.
Vicious Cycle
A negative loop where uneducated parents can’t invest in their children’s education or health.
Gender Disparity
Unequal treatment or opportunities between men and women, especially in education and jobs.
Labor Market
The place where workers find jobs and employers hire workers.
Gross Enrollment Ratio (GER)
The percentage of students enrolled in school compared to the total population of that age group.
Health Infrastructure
Facilities like hospitals, clinics, and medical staff that provide healthcare services.
How to Use These Flashcards
- Quick Revision: Go through the flashcards to refresh your memory before exams.
- Self-Testing: Cover the definition side and try to recall the meaning of each term.
- Group Study: Use the flashcards with friends to quiz each other.
Key Phrases to Remember
- People as Resource: The idea that a population can be an asset, not a liability, when invested in properly.
- Human Capital Formation: The process of improving skills, knowledge, and health through education and training.
- Economic Activities: Activities that contribute to the economy, such as farming, manufacturing, and services.
- Types of Unemployment: Seasonal, disguised, and educated unemployment, each affecting different sectors of the economy.
See more:
Click here for People as Resource: Overview