please answer this I have to write it in the school copy.
I will mark the correct answer as brainliest....please answer well....
Class: IX
Economics: The Story of Village Palampur
Read page number 6 to 12 and write the answer of the following questions:
1. Explain the difficulties faced by small farmers due to the lack of capital.
2. Define the term Human Capital.
3. What do you mean by non farm activities? Give examples and explain briefly.
4. What can be done so that more non- farming activities can be started in the villages?
5. Differentiate between land and labour as factors of production.
6. Land as well as capital are scarce, yet there is a basic difference between the two. State the difference.
7. How do medium and large farmers obtain capital for farming? How are they different from small farmers?
8. What are the different factors of production? Write about each in short.
Answers
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Answer.2. Human capital means the knowledge & enterprise needed to be able to put together the other factors of production into an output for self use or to sell in the market.
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Answer:
1. i)They take loans from moneylenders.
ii)They suffer from high interest charges on loan
iii)Farmers didn't able to use modern farming equipments due to lack of capital.
iv)They also suffer from improper sanitation and shelter.
2.Stock of habits,knowledge, experience,talent,inventiveness,etc.embodied in the ability to perform labour so as to produce economic value.
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