CBSE Class 9th Economy Extra Question and Answer Chapter 3 Poverty as a Challenge

SHORT QUESTIONS AND ANSWER

Question 1: What does the term “people as a resource” refer to?

Answer: The concept of “people as a resource” views the population in terms of their abilities, talents, and skills that can contribute to economic development. It emphasizes that humans, through knowledge, abilities, and health, create wealth.

Question 2: How is human resource different from other resources like land and physical capital?

Answer: Human resource differs in the following ways:

  • Land and other resources are fixed and limited, while human resources can be nurtured through education and health.
  • Human resources can bring positive changes to other resources, whereas other resources cannot directly affect human resource.
  • Human resource can utilize land and physical capital, but the reverse is not true.

Question 3: What role does education play in human capital formation?

Answer: Education enhances the quality of labor. Educated individuals find better jobs, contribute more to the economy, and yield higher earnings. Investment in education and health leads to long-term benefits.

Question 4: How does health impact human capital formation?

Answer: Healthier people are more productive, realize their potential, and fight illness effectively. Good health improves the quality of life, work efficiency, and overall contribution to society.

Question 5: What part does health play in an individual’s working life?

Answer: Health enables individuals to earn more, be regular in work, and contribute significantly. Unhealthy individuals become liabilities for organizations.

Question 6: Define “human capital.”

Answer: Human capital refers to the stock of skills and productive knowledge embodied in people. It includes education, training, and health investments that enhance their productivity.

Question 7: How can a country convert its population into human capital?

Answer: By investing in education, training, and healthcare, a country can transform its population into productive human capital.

Question 8: Why is population considered an asset rather than a liability?

Answer: When investments are made in education, training, and health, the population becomes an asset (human capital) that contributes to economic growth.

Question 9: What is the significance of skilled and healthy workers in economic development?

Answer: Skilled and healthy workers enhance productivity, contribute to economic growth, and improve the overall well-being of society.

Question 10: How can education and health lead to higher earnings in the future?

Answer: Investments in education and health yield high returns by enhancing an individual’s skills, productivity, and earning potential.

Question 11: Why is human resource considered dynamic compared to other resources?

Answer: Human resource can adapt, learn, and change over time through education and training, making it dynamic and valuable.

Question 12: How does education impact the quality of labor?

Answer: Education adds to the quality of labor, leading to increased productivity and economic growth.

Question 13: Explain the role of health in improving an individual’s work efficiency.

Answer: Good health enables an individual to perform work efficiently, leading to better productivity and overall contribution to society.

Question 14: What is the relationship between human capital and economic development?

Answer: Human capital contributes significantly to economic development by enhancing productivity, innovation, and overall well-being.

Question 15: How can a country’s population contribute to its economic progress?

Answer: By investing in education, health, and skill development, the population becomes an asset that drives economic progress.

LONG QUESTIONS AND ANSWER

Question 1: Discuss the multi-dimensional nature of poverty and explain how it is measured.

Answer:

Poverty is a multi-dimensional concept that encompasses various aspects such as income deprivation, lack of access to basic services (education, healthcare, sanitation), inadequate housing, and vulnerability to economic shocks. It is measured using various indicators such as income poverty thresholds, the Human Development Index (HDI), Multidimensional Poverty Index (MPI), and Poverty Line.

Question 2: Analyze the causes of poverty in developing countries and discuss their impact on socio-economic development.

Answer:

  • The causes of poverty in developing countries are multifaceted and include factors such as unequal distribution of wealth and resources, lack of access to education and healthcare, low agricultural productivity, unemployment, underemployment, social exclusion, and environmental degradation.
  • These factors perpetuate a cycle of poverty, limiting opportunities for economic growth, social mobility, and human development. Poverty not only affects individuals and families but also undermines overall socio-economic development by reducing productivity, increasing social inequality, and hampering efforts to achieve sustainable development goals.

Question 3: Explain the concept of ‘poverty line’ and its significance in measuring poverty.

Answer:

  • The poverty line refers to the minimum level of income or consumption needed to meet basic needs and maintain a decent standard of living. It is used as a benchmark for measuring poverty and assessing the extent of deprivation in a population.
  • The poverty line varies across countries and regions and is adjusted for factors such as inflation, cost of living, and household size. By comparing individuals’ income or consumption levels to the poverty line, policymakers can identify those living below the poverty threshold and design targeted interventions to alleviate poverty and promote social inclusion.

Question 4: Discuss the challenges associated with poverty alleviation efforts and evaluate the effectiveness of anti-poverty programs.

Answer:

  • Poverty alleviation efforts face various challenges such as limited resources, inadequate infrastructure, corruption, political instability, lack of coordination among stakeholders, and socio-cultural barriers.
  • Anti-poverty programs aimed at addressing these challenges include social welfare schemes, employment generation programs, microfinance initiatives, education and healthcare reforms, and targeted interventions for vulnerable groups.
  • While some of these programs have been successful in reducing poverty and improving living standards, others have faced implementation challenges and failed to achieve their intended outcomes. Therefore, it is essential to assess the effectiveness of anti-poverty programs through rigorous monitoring and evaluation, stakeholder engagement, and evidence-based policymaking.

Question 5: Discuss the role of education in poverty reduction and socio-economic development.

Answer:

  • Education plays a crucial role in poverty reduction and socio-economic development by empowering individuals with knowledge, skills, and opportunities for social mobility. It enables people to escape the cycle of poverty by increasing their employability, earning potential, and access to better livelihood opportunities.
  • Education also fosters social inclusion, promotes gender equality, and enhances human capital formation, which are essential for achieving sustainable development goals. Investing in education is therefore key to breaking the intergenerational transmission of poverty and building a more equitable and prosperous society.

Question 6: Evaluate the impact of health and nutrition on poverty and human development outcomes.

Answer:

  • Health and nutrition are fundamental determinants of poverty and human development outcomes. Poor health and malnutrition not only contribute to poverty by reducing individuals’ productivity, earning potential, and quality of life but also perpetuate a cycle of deprivation, as households struggle to meet healthcare expenses and cope with the burden of disease.
  • Investing in health and nutrition is therefore essential for poverty reduction, economic growth, and sustainable development. Access to quality healthcare services, clean water, sanitation, and nutritious food can improve health outcomes, enhance human capital formation, and break the cycle of poverty.

Question 7: Discuss the impact of globalization on poverty and inequality in developing countries.

Answer:

  • Globalization has led to increased economic integration, trade liberalization, and technological advancements, which have both positive and negative effects on poverty and inequality in developing countries.
  • While globalization has facilitated economic growth, job creation, and poverty reduction in some regions, it has also exacerbated income disparities, social exclusion, and vulnerability to external shocks.
  • Globalization has led to the marginalization of certain sectors and communities, as well as increased competition for resources and market access. Therefore, it is essential for policymakers to address the challenges of globalization through inclusive and equitable development strategies that prioritize poverty alleviation, social protection, and sustainable growth.

Question 8: Explain the concept of ‘vulnerability’ and its relevance to poverty analysis.

Answer:

  • Vulnerability refers to the susceptibility of individuals or communities to economic, social, and environmental risks that can push them into poverty or deepen their deprivation.
  • Vulnerability is often associated with factors such as low income, lack of assets, inadequate social protection, and exposure to shocks such as natural disasters, conflicts, or economic downturns.
  • Analyzing vulnerability is crucial for understanding the dynamics of poverty, identifying vulnerable populations, and designing targeted interventions to enhance resilience, reduce risk, and promote sustainable livelihoods.

Question 9: Discuss the role of social protection programs in poverty alleviation and human development.

Answer:

  • Social protection programs play a critical role in poverty alleviation and human development by providing assistance to vulnerable populations, promoting social inclusion, and reducing the impact of economic shocks.
  • These programs include social safety nets such as cash transfers, food assistance, healthcare subsidies, unemployment benefits, and social insurance schemes.
  • Social protection programs help alleviate poverty by providing income support, access to essential services, and opportunities for human capital development. They also contribute to reducing inequality, enhancing social cohesion, and building resilience against poverty and adversity.

Question 10: Evaluate the importance of inclusive growth strategies in addressing poverty and inequality.

Answer:

  • Inclusive growth strategies aim to ensure that the benefits of economic development are shared equitably among all segments of society, including the poor and marginalized.
  • These strategies focus on promoting broad-based economic opportunities, enhancing access to productive assets and services, and empowering disadvantaged groups through targeted policies and programs. Inclusive growth strategies are essential for reducing poverty, narrowing income disparities, and fostering sustainable development.
  • By addressing the root causes of poverty and inequality, inclusive growth can contribute to building more resilient, equitable, and prosperous societies.

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