Question

Explain the role of capital in farming

Answer 1

Answer:

Capital:

All man-made goods which are used for further production of wealth are included in capital. Thus, it is man-made material source of production. Alternatively, all man-made aids to production, which are not consumed/or their own sake, are termed as capital.

It is the produced means of production. Examples are—machines, tools, buildings, roads, bridges, raw material, trucks, factories, etc. An increase in the capital of an economy means an increase in the productive capacity of the economy. Logically and chronologically, capital is derived from land and labour and has therefore, been

Answer 2

Answer:

capital is very important for farming .If we have good capital we can use modern equipments ans that will increse our productivity in farming