Question

Explain i) no cost production ii) low cost production iii) high cost production in terms of production practices.

Answer 1

Answer:

Explanation:

i)No cost production is the production in which the farmers give no money for production and in return they get a very few goods as production.

ii)The low cost production is the production in which the farmers give less money for the production of goods and get some what production which is not relatively high.

iii)High cost production is the crop production involving modern and costly agricultural practices and implements. For example, crop production that utilises costly fertilizers, pesticides, machines like tractors etc.