NCERT Solutions Class 9 Economics Chapter 2 People as Resource FAQs

What is the concept of ‘People as Resource’ in economics?

‘People as Resource’ refers to the idea that the population of a country is an asset rather than a liability for the economy. It emphasizes the importance of human capital, which includes people’s skills, knowledge, and abilities, in driving economic growth and development.

How do educated and healthy individuals contribute to the economy?

Educated and healthy individuals contribute to the economy by being more productive in their work. They can take up skilled jobs, innovate, and contribute to technological advancements. Moreover, they tend to have better incomes, which increases their purchasing power and stimulates demand in the economy.

What are some examples of economic activities discussed in Chapter 2?

Economic activities include both market activities (done for pay or profit) and non-market activities (production for self-consumption). Examples of economic activities discussed in the chapter include agriculture, manufacturing, trade, education, health, tourism, and insurance.

Why is unemployment a concern in both rural and urban areas?

Unemployment is a concern in both rural and urban areas due to different reasons. In rural areas, seasonal unemployment occurs when people are unable to find work during certain months of the year, such as the off-season in agriculture. In urban areas, educated unemployment is prevalent, where individuals with qualifications struggle to find suitable jobs.

NCERT Solutions Class 9 Economics Chapter 2 People as Resource: The NCERT Solutions for Class 9 Economics Chapter 2 People as Resource provide detailed answers to the exercises provided in the Economics textbook. These solutions cover all the relevant study material necessary for scoring well in the CBSE examinations. By using these solutions, Class 9 students can develop the skill of writing answers effectively.

The provided NCERT Solutions provide easy-to-understand explanations, aiding students in grasping the concepts discussed in the chapter.

It has been developed by the subject matter experts at GFG, according to the latest CBSE Syllabus 2024-25, and guidelines to help the students of Class 10 create a solid conceptual base for Economics Chapter 2 People as Resource.