This is true that human resource is indispensable factor of production. Any production process requires both physical and human resource.In the absence of a well prepared skilled and unskilled human resource, reproduction activities cannot be carried out.Hence, human resource becomes indispensable part of the production process.

Yes, this is correct that increase in unemployment is an indicator of a depressed economy.The reasons are as beloe:
1. It blocks the growth rate of the economy.
2. It creates more poor section of the society in the economy which becomes a burden.
3. Due to unemployment, consumption demand falls which leads to lack investment and further falls in growth.
4. It leads to social issues where the unemployed yoputh become more of a liability than an asset for the economy.
5. It creates a vicious circle of depressed environment where economic growth becomes difficult to achieve.

The employment scenario in three of India is as below:
(a) Primary Sector: Agriculture, is the most labour absorbing  sector of the economy. In  recent years, there has been a decline in the dependence of population on agriculture partly of disguised unemployment.Some of the surplus labour in agriculture has moved to either the secondary or the tertiary sector.
(b) Secondary sector: In the secondary sector, small scale manufacturing is the most labour-absorbing.It has absorbed major part of increamental workforce, especially in towns.But the increment in workforce is very large as compared to what has been absorbed.
(c) Tertiary Sector: In case of the tertiary sector, various new services are now appearing like biotechnology, information technology and so on.This sector is expanding at a very fast pace in the last 20 years in India.

1. In case of disguised unemployment people appear to be employed.They have agricultural plot where they find work.This usually happens among family members engaged in agricultural activity.
2. The work requires the service of five peple but engages eight people.Three people are extra.These three people also work in the same plot as the others.The contribution made by the three extra people does not add to the contribution made by the five people.If three people are removed, the productivity of the field will not decline.The field requires the service of five people and the three extra people are disguised unemployed.

The difference between  market and non market activities are as belows:
Purpose: Market activities are done to earn income with while non-market activities are done out of love, affection not resulting in income.
Production: Market activities are production of goods and services while non-market activities are production for self consumption.

1.Primary Sector: It includes agriculture, forestry, animal husbandry, fishing , farming, mining and quarrying.
2.Secondary Sector: It includes manufacturing activities like conversion of raw material to finished goods by use of human and physical resources.
3.Tertiary Sector: It includes trade, transport, communication, banking, education, health, tourism etc.

Yes, Investment human resource (via education and medical care) can give high rates of return in the future.This investment on people is the same as investment in land and capital.One invests in shares and bonds expecting higher return in the future.

1. People as resource is a way of referring to a country's working people in terms of their existing productive skills and abilities.The ability to contribute to the creation of Gross National Product.Population can also be referred as human resource like any other resource.
2. People as resource is nothing but to look at the population in a positive way rather than the negative way of considering them as a burden to provide food, clothing and shelter.

1. We shall consider Human Capital as the best because:
2. Land, being fixed cannot be expanded.
3. Physical capital is itself man-made.
4. It requires vast resources and cannot be increased beyond certain limit.
5. Human capital can be developed to any extent and its return can be multiplied many times.
6. Physical capital is generated, managed and controlled by human capital.
7. Human capital not only works for himself but also activates other sources.
8. Human capital is indispensable factor of production. 

1. Unemployment is a situation in which a person is willing to work at prevailing wages, but does not get any job.
2. Disguised unemployment.It is a situation, wherein marginal physical productivity of labour is zero.
(i) In other words, where more people are put in a job than actually required are called disguisedly unemployment.
(ii) It is invisible and found among wage earners, mostly in agriculture.
3. Seasonal unemployment.Getting employment only for the part of the yhear  in certain sectors, such as agriculture know as seasonal employment.
(i) It iis  not a regular source of earning and the person has to find an alternative job for all season time.

1. Unemployment is a situation, wherein the able bodied persons, willing to work are not able to find a job that earns them living.
2. According to this definition those, who are permanently incapable and mentally retarded cannot perform any job, so they should be excluded from the list of unemployed.
3. There may be still others, who may not be willing to perform any job and thus they can also not be treated as unemployed.
4. In other words, usual status of unemployment refers to the number of persons who are willing to work for major part of the year i.e., 183 days and more but do not get work.

Economic Activities.Activities performed to earn livelihood and having economic motive are termed as economic activities.These activities are concerned with the production,exchange and distribution of goods and services.The engagement of people in business, profession and employment are economic activities.These activities are rewarded in monetary terms.
Non-economic activities.Activities performed to satisfy emotional and psychological needs and having no economic motive behind them are known as non-economic activities.These activities may be social, cultural, religious, educational and charitable.

Following activities are undertaken in the primary,secondary and tertiary sectors:
1. Primary Sector. Farming, mining, fishing, foresting, animal husbandry, flower cultivation etc.
2. Secondary Sector. Construction work, manufacturing, tailoring, working in industry like working in match factory etc.
3. Tertiatry Sector. Banking, transportation, insurance, communication, financing, courier, astronaut etc.

1. Health is the basic constituent of human capital. Human element is an essential element of production.
2. In spite of all technological development human resource is still an indispensable factor of production.
3. The economic growth can be achieved at faster rate, if we are healthy and competent enough.
4. As the old proverb goes a sound mind live in a sound body so physical health leads to mental soundness.
5. Both combined together increase the productivity and effeciency of human resource. 

(i) Importance of Education. Human resource refers to the population of a country and the efficiency,productivity ,skill and far sightedness of its inhabitants.
(ii) Education is an important factor for the development of human resource.
(iii) Education-general, technical and medical improves the level of understanding.
(iv) It also adds to the capacity of human stock to produce more. It increases the mental efficiency of the people.
(v) Education can play an effective role in raising production from its low level.General and technical education develops efficiency among the labourers to use highly advanced techniques of production for the optimum use of the existing resources.
(vi) Education builds healthy human capital to handle the pressure of challenging jobs.

1. The people of the country are its valuable resources, if they are healthy, educated and skilled.No economic activity is possible without human resource.It works as labour,management and entrepreneur in all the economic activities and as such it is indispensable factor of production.
2. It makes use pf land and capital for productive activities in the economy.