1. Explain the factors responsible for production.
2. " Capital is a basic need in agriculture." How is it arranged by small, medium and large farmers in India?
3. State any five reasons to prove that palampur is a developed village.
4. What problems do farm labourers face in terms of employment? Explain any three problems
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Answers
1.The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
2.It is managed by following ways: (i)Most of the farmers borrow money from the banks. (ii)Most of the small farmers borrow money from the moneylenders or traders to manage the capital. (iii)Medium and large farmers have their own savings from the farming.
3.Following points show that Palampur is a developed village:
It is well connected to its neighboring villages and towns.
It has electricity powered tube wells which is used by small businesses.
It has two primary schools and a high school.
It has many means of transportation-bullock carts,tongas,motor-vehicles etc.
4.1 they are hired farm workers so they have a limited job and they cant do anything extra they are bound by a contract sometime the contract is verbal 2 they have to work in harsh weather conditions that can b too much winter or too much hot 3 they get paid very less in most places they exchange the worth of labour by
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Answer:
The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
The first factor of production is land, but this includes any natural resource used to produce goods and services. This includes not just land, but anything that comes from the land. Some common land or natural resources are water, oil, copper, natural gas, coal, and forests. Land resources are the raw materials in the production process. These resources can be renewable, such as forests, or nonrenewable such as oil or natural gas. The income that resource owners earn in return for land resources is called rent.
The second factor of production is labor. Labor is the effort that people contribute to the production of goods and services. Labor resources include the work done by the waiter who brings your food at a local restaurant as well as the engineer who designed the bus that transports you to school. It includes an artist's creation of a painting as well as the work of the pilot flying the airplane overhead. If you have ever been paid for a job, you have contributed labor resources to the production of goods or services. The income earned by labor resources is called wages and is the largest source of income for most people.
Explanation:
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