Mind map Chapter - 2 Economics People as resource

• Property of the body by virtue of which it opposes any change in its state of rest or uniform motion in a straight line .
• Mass is a measure of Intertia.
• Larger the mass, greater is the intertia.

First Law

Second Law

Third Law

A body continues in its state of rest oro of uniform motion in a straight line unless an external force acts on it.~ Also called Galileo's law of interia.~ E.g Book lying on table will only move a force is applied on it by hand.

The rate of change of momentum of a body is directly proportional to force applied and change in momentum is along the direction of applied force .~ F a △p/△t or F = △p/△t~ Eg - while catching a ball, hands are moved backwards to reduce the force by the ball on hand.

To every action there is a equal and opposite reaction; but the action and reaction forces act on different bodies.~ ➙F12 = - ➙F21~ Eg ., to walk, the feet push the ground (action) and in turn ground exerts equal force in opposite direction (reaction).

Rest

~ Due to this intertia, a body at rest tends to remain at rest.

Motion

~ Due to this intertia, a body in uniform motion tends to continue its motion.

People as Resource

Economic activities by men and women

Three sectors

Two parts

• Primary (agriculture forestry , fishing) etc
• Secondary (manufacturing)
• Tertiary( trade , transport, banking etc)

• Marketing activities ( performend for pay or profit)
• Non Market activities (production for self consumption)

• Contributes towards the growth of the society.
• Enhances natinal income, cultural richness and increases the efficiency of governance.

Meaning

Education

• Helps a person to realise his potential and the ability to fight illness.
• Unhealthy person is a liability for organisatio.

Quality of Population

• Seasonal Unempolyment - people are jobless during some month of the year.
• Diguised Unempolyment -people appear to be empoyled.

Health

• Unempolyment exists when people who are willing to work at the going wages cannot find jobs.

Types

Rural

Un - employment

Urban

• Educated Unempolyment -educated youths are not able to find jobs.

Effects

• Leads to wastage of manpower resource.
• Increase economic overload.
• Quality of life is adversely affected.