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Class: Economics, lesson: the story of village Palampur
Read the lesson and answer the following questions:
1. Define the term production.
2. What are the main factors of production. Explain briefly.
3. Differentiate between the physical capital and fixed capital.
4. What is known as multiple cropping?
5. How did the spread of electricity help the farmers in Palampur?
6. What is the difference between multiple cropping and modern farming method?
7. Define the term Green Revolution. What are the limitations of Green Revolution?
8. Is it important to increase the area under irrigation?
9. What do you mean by HYVs?
Answers
Explanation:
- Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (output). ... Economic well-being is created in a production process, meaning all economic activities that aim directly or indirectly to satisfy human wants and needs.
- Factors of Production Definition
- The factors of production are land, labor, capital, and entrepreneurship. To put it in different terms, the factors of production are the inputs needed for supply. Mainly, the factors of production consist of any resource that is used in the creation of a good or service.
- In economics, physical capital refers to a factor of production (or input into the process of production), such as machinery, buildings, or computers. ... Fixed capital investments include durable goods, which will remain in the business for more than one accounting period.
- In agriculture, multiple cropping or multicropping is the practice of sequentially growing two or more crops in the same piece of land during one growing season instead of just one crop. It is a form of polyculture. ... Mixed cropping is found in many agricultural traditions.
- The spread of electricity has helped farmers in Palampur in following ways: (i)Electric-run tubewells can Irrigate much larger areas of land. (ii)Electricity has transformed the system of Irrigation. (iii)Electricity has reduce the pollution because it is a cheap and pollution free source of Irrigation.
- Multiple cropping corresponds to produce more than 1 crop on a piece of land during 1 year. ... But in the modern farming method, HYV ( high yielding variety) seeds are used for farming with lot of irrigation and chemical fertilizers and pesticides which inturn resulted into high yielding of crops.
- However there were certain limitation of the Green Revolution: 1. Green revolutions resulted in loss of soil fertility due to increased use of chemical fertilisers and pesticides. 2. Continuous use of groundwater for tube well irrigation reduced the water-table below the ground.
- Yes, it is important to increase the area under irrigation because water is very essential for agriculture. In India, the rainfall is unevenly distributed in the country and if rainfall is less, then production will be low, and they will be only able to grow one crop in a season.
- High Yielding Variety Seeds (HYV seeds) are seeds are of better quality than normal quality seeds. The produce from these seeds is a bit more compared to the normal ones. These seeds are a better option of seeds in order to obtain a healthy and surplus crop.
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Answer:
1- Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (output). It is the act of creating an output, a good or service which has value and contributes to the utility of individuals......
2 ---
- The four factors of production are land, labor, capital, and entrepreneurship. ...
- Land is short for all the natural resources available to create supply. ...
- The income earned by owners of land and other resources is called rent. ...
- Labor is the work done by people...
3---physical capital refers to a factor of production (or input into the process of production), such as machinery, buildings, or computers. ...
Fixed capital investments include durable goods, which will remain in the business for more than one accounting period...
4---Multiple cropping is defined to enables the fertility of the soil. It is growing more than crop on the given piece of land during a year. They are found in many agricultural traditions.....
5---The spread of electricity has helped farmers in Palampur in following ways: (i)Electric-run tubewells can Irrigate much larger areas of land. (ii)Electricity has transformed the system of Irrigation. (iii)Electricity has reduce the pollution because it is a cheap and pollution free source of Irrigation.
6---Multiple cropping corresponds to produce more than 1 crop on a piece of land during 1 year. ... But in the modern farming method, HYV ( high yielding variety) seeds are used for farming with lot of irrigation and chemical fertilizers and pesticides which inturn resulted into high yielding of crops.....
7--The great increase in production of food grains (such as rice and wheat) due to the introduction of high-yielding varieties, to the use of pesticides, and to better management techniques.......However there were certain limitation of the Green Revolution: Green revolutions resulted in loss of soil fertility due to increased use of chemical fertilisers and pesticides. Continuous use of groundwater for tube well irrigation reduced the water-table below the ground....
8---Yes, it is important to increase the area under irrigation because water is very essential for agriculture. In India, the rainfall is unevenly distributed in the country and if rainfall is less, then production will be low, and they will be only able to grow one crop in a season.....
9---High Yielding Variety Seeds (HYV seeds) are seeds are of better quality than normal quality seeds. The produce from these seeds is a bit more compared to the normal ones. These seeds are a better option of seeds in order to obtain a healthy and surplus crop.