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1. Farming is the main economic activity of palampur
2.The 80 upper caste families in the majority of palampur.
3.The ahead of electricity has helped the farmers of palampur village in the following ways most of houses has electricity connections. Electricity is used to run tube weels in the field. Electricity is used in various types in small business.
4.Palampur has two primary schools and one high school there is primary health centre run by the government and and one private dispensary where the sick are treated.
5.Production is the process of combining various materials inputs and immaterials inputs in order make something for consumption (output). It is the of creating and output, a good or service which has value and contribution to the utility of individuals.
6.The four requirements of goods and services are Land, Labor, Physical capital and Human capital.
7.Physical capital refers to a factors of production such as machinery, buildings or computers.
8.Fixed capital is a capital or money that we invest in assets of a durable nature. These are assets we repeatedly use over a long period.
9.Working capital is difference between a company's current assets, such as cash, amounts recievely (Customars unpaid bills) and inventoiris of raw material and finished goods, and it's current liabilities ,such as amount payable.
10.Economists divide the factors of production into two categories land ,labor, capital and entrepreneurship. The first factor of production is land and what this includes any natural resources used to produced goods and services.
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