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Economics · 2023 · 3 marks
Employment: Growth, Informalisation and Other IssuesParticipation of People in Employment3 marksUnderstandshort answer
CBSE 2023 · Region 3 · Set 1 · Q28
(a) Define worker-population ratio and give its significance.
(a)
Define worker-population ratio and give its significance.
OR
(b)
Distinguish between ‘Human Capital’ and ‘Human Development’.
Marking-scheme solution
Worker population ratio is defined as total number of workers in a country divided by population (in percentage).
Worker-population ratio is an indicator which is used for analysing the employment situation in the country. This ratio is useful in knowing the proportion of population that is actively contributing to the production of goods and services of a country.
Human capital considers education and health as a means to increase labour productivity. Human capital treats human beings as a means to achieving the ultimate end of an increase in productivity.
Whereas;
Human development is based on the idea that education and health are integral to human well-being. Human development treats human beings as ends in themselves.
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CBSE Class 12 Economics past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.