Question

What is the importance of capital and labour in crop production?

Answer 1

Question:

What is the importance of capital and labour in crop production?

Answer:

◆ The goals of the organization is to produce good and services.

◆ Land, labour and capital are required for production.

◆ Natural resources fulfilled the requirements of lands and water.

◆ For Labour intensive industry, labour is required and for financial acid, Capital is require.

◆ Physical Capital are also required for the production.

◆ Working Capital includes raw materials and money in hand amd Fixed Capital includes Tools, machines, buildings.

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