Question:
Explain the four requirements of the production of goods & services.
Answer:
Four essential requirements for production of goods and services are:
- Land and other natural resources i.e. water, forests, minerals etc.
- Labour,: People who do the work. A worker provides the labour necessary for production.
- Physical Capital: variety of inputs required at different stages of production.
- Knowledge and Enterprise: Knowledge and enterprise to be able to put together land, labour and physical capital and produce an output.
The Story of Village Palampur
Q 1.
Who are medium farmers?
Q 2.
Who are large farmers?
Q 3.
What is the aim of production?
Q 4.
What is the main aim of production?
Q 5.
Who are small farmers?
Q 6.
List the non-farming activities in Palampur.
Q 7.
Who are large farmers?
Q 8.
Explain the four requirements of the production of goods & services.
Q 9.
Who are medium farmers?
Q 10.
Is it important to increase the area under irrigation? Why?
Q 11.
Name the four factors that are needed for producing goods and services.
Q 12.
Name any two non-farming activities in Palampur village.
Q 13.
What are the essential four requirements for production?
Q 14.
Is it important to increase the area under irrigation? Why?
Q 15.
Name the states who benefited the most from Green Revolution.
Q 16.
What do you mean by multiple cropping?
Q 17.
What is the main production activity in villages across India?
Q 18.
What health facilities are available in Palampur village?
Q 19.
What can be done so that more non-farm production activities can be started in villages?
Q 20.
Why do the farm labourers earn less than the minimum wages in Palampur?
Q 21.
How did the spread of electricity help farmers in Palampur?
Q 22.
Who are small farmers?
Q 23.
Why are the wages for farm labourers in Palampur less than minimum wages?
Q 24.
What are the different ways of increasing production on the same piece of land? Use examples to Explain.
Q 25.
How did the spread of electricity help farmers in Palampur?
Q 26.
Modern farming methods require more inputs which are manufactured in industry. Do you agree?
Q 27.
How do the medium and large farmers obtain capital for farming? How is it different from the small farmers?
Q 28.
Who owns the majority of land in Palampur village?
Q 29.
On what terms did Savita get a loan from Tajpal Singh? Would Savita's condition be different if she could get a loan from the bank at a low rate of interest?
Q 30.
What do medium and large farmers do with their earnings from the surplus farm produce?
Q 31.
Modern farming methods require more inputs, which are manufactured in industry. Do you agree?
