how are machine and large farmers obtain capital for farming
Answers
Answer:
(i) The medium and large farmers have their own savings from farming. They are thus able to arrange for the capital needed. ... They borrow from large farmers or the village moneylenders or the traders who supply various inputs for cultivation. (iii) The rate of interest on such loans is very high.
Answer:
The difference: (i)Medium and large farmers obtain capital for farming from their own savings or from the banks as loan. (ii)Small farmers on the other hand borrow from large farmers or the village moneylenders or the traders, who supply various inputs for cultivation. The interest on such loans are usually high.
Answer:
The difference: (i)Medium and large farmers obtain capital for farming from their own savings or from the banks as loan. (ii)Small farmers on the other hand borrow from large farmers or the village moneylenders or the traders, who supply various inputs for cultivation. The interest on such loans are usually high.