what is the role of capital in crop farming .
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All man-made goods which are used for further production of wealth are included in capital. Thus, it is man-made material source of production. Alternatively, all man-made aids to production, which are not consumed/or their own sake, are termed as capital. It is the produced means of production.
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Physical Capital: Tools, machines and buildings comprise the fixed capital in farming. Money is needed as working capital to buy seeds and fertilisers and also to pay the cost of irrigation. Knowledge and Enterprise: A farmer also needs the knowledge and enterprise to effectively manage production.
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