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Class: IX
Economics: The Story of Village Palampur
Read page number 6 to 12 and write the answer of the following questions:
1. Explain the difficulties faced by small farmers due to the lack of capital.
2. Define the term Human Capital.
3. What do you mean by non farm activities? Give examples and explain briefly.
4. What can be done so that more non- farming activities can be started in the villages?
5. Differentiate between land and labour as factors of production.
6. Land as well as capital are scarce, yet there is a basic difference between the two. State the difference.
7. How do medium and large farmers obtain capital for farming? How are they different from small farmers?
8. What are the different factors of production? Write about each in short.
Answers
1.Farmers with small plots of land lack adequate capital to develop and take loans from money lenders in rural areas which they are unable to pay back because of high rate of interests They become victims of indebtedness and suffer. ... They do not have enough capital to use HYV of seeds, fertilizers.
2.combitant and skilled human resources which is essential for the economic development of a Nation is human capital
3.Non farming activities are those which do not include farming as a source of income. These include construction, manufacturing, transporting, communication, trade and mining among others. These are as efficient as farming and provide livelihood to a large population in rural parts of the country.
4.Dairy is also a non-farm work , In villages setting up Dairy services can be started for welfare of villagers. in villages we can set up small scale industries for promotion of local handicrafts like basket weaving , pottery etc
5.(i) Land refers to all resources provided by nature used in production while labour refers to human efforts in production. (ii) Land supply cannot be increased while labour is both geographically and occupationally mobile. ... (iv) Land produces raw materials for production while labour provides services in production
6.The difference between the land and capital: The land is a natural resource, whereas the capital represents the financial assets which are in the form of cash, or any equipment. The supply of the land is finite, whereas the supply of the capital is infinite
7.(i) The medium and large farmers have their own savings from farming. ... (ii) In contrast, the small farmers have to borrow money to arrange for the capital. They borrow from large farmers or the village moneylenders or the traders who supply various inputs for cultivation
8.The four factors of production are inputs used in various combinations for the production of goods and services to make an economic profit. The factors of production are land, labor, capital, and entrepreneurship. To put it in different terms, the factors of production are the inputs needed for supply
Answer:1. In Palampur, About one third of the 450 families are landless i.e. most of the 150 families are dalits and have no land for cultivation. Of the remaining families, who own land, 250 families cultivate small plots of land less then 2 hectares in size. Cultivating of such plots does not bring enough income for the family
2. You will need knowledge and enterprise to be able to put together land, labour and physical capital and produce an output either to use yourself or to sell in the market.
3. Only 25% of the people working in palampur are engaged in non farming activities other than agriculture. Ex: Dairy. Dairy is a common activity in many families in palampur. People feed their buffaloes on various kinds of grass and the jowar and bajra durng the raining season.
4.
Explanation: