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 labourers in the villages, whereas
the opportunities of work are limited. They
belong to either landless families or
. They are paid low wages,
and lead a difficult life.
In contrast to labour,
is a scarce factor of production. Cultivated
land area is
-. Moreover,
even the existing land is distributed
(equally/unequally) among
the people engaged in farming. There are more
a large number of small farmers who
cultivate small plots of land and live inpl
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Answer:
Though the number and variety of the different resources businesses require is limitless, economists divide the factors of production into three basic categories: land, labor, and capital. Land refers to all of the natural resources that businesses need to make and distribute goods and services.
Explanation:
Answered by
2
small farmers, land, fixed, unequally, chemical fertilizers and pesticides, multiple cropping technique, capital, Land, capital.
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