question_answer 1)

Kareem has opened a computer class centre in the village. In recent years, a large number of students have been attending college in Shahpur town. Kareem found that number students from the village are also attending computer classes in the town. There were two women in the village who had a degree in computer applications. He decided to employ them. He bought computers and set up the classes in the front room of their house overlooking the market. High school students have started attending them in good numbers.   (i) In what way is Kareem's capital and labour different from Mishrilal?   (ii) Why didn't someone start a computer centre earlier? Discuss the possible reasons.

Answer:

(i) Both have fixed capital in the form of machines, but Kareem has a larger fixed capital because he has assets in the form of computers which are more expensive then the sugarcane crushing machine. Kareem has also employed educated and qualified computer teachers, whereas Mishrilal's labour is mainly unskilled labour. (ii) Reasons why someone didn't start a computer centre may be any of the following    (a) As very few educated people were there in the village, there was not any demand for computer courses.   (b) The villagers were not aware of the employment potential of computer courses and so nobody thought that such a business could be successful.   (c) Teaching faculty for computer courses was not available in the village earlier.