Talk to your relatives or friends living in rural areas and find out how factors of production are organised there. Write a detailed report of 500 words.
Answers
Answer:
In general, a rural area or countryside is a geographic area that is located outside towns and cities.[1] The Health Resources and Services Administration of the U.S. Department of Health and Human Services defines the word rural as encompassing "...all population, housing, and territory not included within an urban area. Whatever is not urban is considered rural."[2]
Typical rural areas have a low population density and small settlements. Agricultural areas are commonly rural, as are other types of areas such as forest. Different countries have varying definitions of rural for statistical and administrative purposes.
Factors of production in rural areas
Explanation:
1. Land - it is a natural factor of production that is used for cultivation or construction.
2. Labour - this includes human resources skilled as well as unskilled required for the manufacturing of goods and services in rural areas. Labour of uneducated and untrained workers is typically paid lower salaries.
3. Capital: Capital is another important factors of production because it allows the labour and land to be purchased. A tractor purchased for agriculture is capital.
To know more:
How factors of production are organised in rural areas describe
https://brainly.in/question/18258458
How factors of production are organised in rural areas describe
https://brainly.in/question/18257935