Economy, asked by harshaezhil1490, 1 year ago

Which factor of production is more abandent in palampur village

Answers

Answered by Suryavardhan1
7

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✴Which factor of production is more abandent in palampur village?

⭕labour is the most abundant factor in village Palampur.

⭕There is a huge competition between all labours living in that village.

⭕Due to this, labourers in Palampur are getting less than minimum wages.

⭕Minimum wages set by government is Rupees 60 per day but in Palampur, laborers are getting only 35 to 40 rupees per day.

⭕This is happening because landowners know that if a labour will be demanding high wages, they will hire another labour in less money then the previous one.

Answered by adarshchaudhary65
0

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Explanation:

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