The main activity of Rampur village is
Answers
Answer:
Key Points:
Factors of Production: Land, Labor, Capital and Organization are called factors of production.
Land: An area of ground, especially when used for a particular purpose such as farming or building. It is an essential factor for production.
Labour: People who will do the work. Those who do not have a right over the crops grown on the land but are paid wages are farm laborers.
Working Capital: Capital requirement for raw material and money for other expenditure.
Fixed Capital: Capital required for the purchase of machines and Constructing buildings for production.
Surplus: An excess of production.
Farm Activities: The work done in agriculture to produce Agricultural Production. Agricultural activities such as farming, irrigating, ploughing and harvesting.
Non-Farm activities: Other than the agricultural activities like dairy, small-scale manufacturing, shop keeping etc.