24.
Fill in the blanks given below:
(1x10=10)
Among the three factors of production, we found that labour is the most abundant factor of production. There are
many people who are willing to work as farm (a)
in the villages, whereas the Opportunities of work
are limited. They belong to either landless families or (b)
They are paid low wages, and lead a
difficult life. In contrast to labour, (c)
is a scarce factor of production. Cultivated land area is
(d)
Moreover, even the existing land is distributed (e)
(equally/unequally) among the
people engaged in farming. There are a large number of small farmers who cultivate small plots of land and live
in conditions not much better than the landless farm labourer. To make the maximum use of the existing land,
farmers use (f)
Both these have led to increase in production of crops. Modem
farming methods require a great deal of (h)
Small farmers usually need to borrow money to arrange
for the capital, and are put to great distress to repay the loan. Therefore, capital too is a scarce factor of
production, particularly for the small farmers. Though both land and capital are scarce, there is a basic difference
between the two factors of production. (1)
is a natural resource, whereas ()
is man-made.
It is possible to increase capital, whereas land is fixed. Therefore, it is very important that we take good care of
land and other natural resources used in farming.
and (g)
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Oh it is very irreversible questions
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