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Economics · Class 12 Commerce

Ch 2Population and Human Resources Development — Class 12 Economics, concept-first.

Population is not merely a number to be counted — for an economy it is simultaneously the largest single resource and the largest single burden, depending on how it is educated, employed and kept healthy.

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Key concepts

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Theory of Demographic Transition

A three-stage theory describing how birth and death rates change as an economy develops: Stage 1 (high birth rate, high death rate, low growth), Stage 2 (high birth rate, falling death rate, rapid growth), and Stage 3 (f…

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Chapter contents

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Demographic Features of India

Population is not merely a number to be counted — for an economy it is simultaneously the largest single resource and the largest single burden, depending on how it is educated, employed and kept heal…

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Theory of Demographic Transition

The Theory of Demographic Transition explains how birth rates and death rates change as a country moves from a traditional, agrarian economy to a modern, industrial one, and how population growth rate…

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Population as a Human Resource

Older writing on population often treated it purely as a burden — more mouths to feed, more pressure on land and resources.

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Human Capital Formation

Human capital is the stock of skill, knowledge, health and experience embodied in a population that makes it economically productive.

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Human Development Index (HDI)

For decades, a country's development was judged almost entirely by its per-capita income (GDP per head).

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