Question

Write difference between multiple cropping and modern farming physical capital human capital

Answer 1

multiple cropping means growing two of more different crops on a same piece of land during a particular year.

modern farming means using modern techniques in agriculture and the use of HYV seeds, fertilizers and pesticides.

physical capital is a factor of production divided in two parts

1) fixed capital, includes building machineries etc.

2) working capital, includes raw material money in hand etc.

human capital is the most important factor of production without it production is not possible. if human capital is developed other capitals will automatically get developed

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