People As Resource – Notes

Overview

A large population is not always a liability.

Education, good medical care and training are the three investments that transform people into assets or resources.

The investment in education, training and healthcare of people is more than recovered by the higher productivity of the healthy, skilled workforce that it produces.

Economics Activities – Sections of the Economy

Activities that result in the generation of goods and services that comprise our national income are called economic activities.

Economic activities can be classified based on their nature and purpose.

The earning capacity of a person depends on his or her education and vocational skills.

Poorly educated women with lower skills face several disadvantages.