People as Resource Summary Notes – Easy Explanation Dear students, in this post we will try to understand Class 9 Economics Chapter 2: People as Resource, here you will get summary and notes. Reading this. you will easily be able to get idea what this chapter is all about. 1. Concept of People as Resource…
1. Objective of the Chapter 2. Factors of Production (Definition-based questions) Factor Description Land Natural resources: soil, water, forests Labour People engaged in work – skilled or unskilled Capital 🔹 Fixed: Tools, machines, buildings<br>🔹 Working: Raw materials & cash Human Capital Knowledge, enterprise to organise production (covered more in next chapters) 3. Farming in Palampur…