Explain that the land is fixed factor for farm production
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Explanation:
Land is fixed in the sense that the total supply of land cannot be increased or decreased. ... Since 1960, there has been no expansion of land area under cultivation. And also, there is no scope to increase farm production. Hence, land is fixed for farming in Palampur
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Hey mate,
Here is ur answer☞
A fixed factor is one, whose quantity cannot readily be changed in response to desired changes in output or market conditions. Its quantity remains the same, whether the level of output is more or less or zero. Buildings, land, machinery, plants and top management are some common examples of fixed factors....
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