Which Is The Most Abundant Factor Of Production In India A Land B Capital C Labour?

Which is the most abundant factor of production of India?

Labour which refers to the human input in the process of production is the most abundant factor of production in India.

Which is the most abundant factor of production in India a land B capital C labour D tools and machines?

Answer: Land is the most abundant factor of production in India. it is an active factor of production without whose cooperation land and capital cannot produce anything. The natural resources of a country will remain underutilised in the absence of labour.

Which is the most abundant factor of the production a land B capital C labour D none of these?

Answer: Among the three factors of production, we found that labour is the most abundant factor of production.

Related Question Which is the most abundant factor of production in India a land B capital C Labour?

Is land the most abundant factor of production?

The most abundant factor of production is the Land.

How many factors of production are there?

It's time to wrap things up, but before we go, always remember that the four factors of production - land, labor, capital, and entrepreneurship - are scarce resources that form the building blocks of the economy.

Which is the most abundant factor of agriculture?

The agricultural production on a land depends on a few vital factors; namely the capital, labour, land and the entrepreneurship. However, labour is the most abundantly available factor for any agricultural production.

Which of the following is a scarce factor of production 1 point land capital Labour both 1 & 2?

Land is the scarce factor of production. Other scarce factors include labor, capital, and entrepreneurship.

Which is the most abundant metal in the earth crust?

Thus, the most abundant metal on earth's crust is Aluminium.

What is the difference between land and capital?

In economics, capital refers to that of wealth which is used for further production of wealth. Land is the natural factor of production, it is permanent in nature. Capital is a man made factor of production. It lacks permanency.

Which of the following is fixed capital?

Property, plant, and equipment are standard fixed capital items. Fixed capital assets are usually illiquid items and are depreciated over time. The opposite of fixed capital is variable capital.

What is working capital in Palampur?

Option C) Working Capital: Working capital refers to the raw materials and cash on hand that are used in the manufacturing of goods. The current capital is another name for it.

What is multiple cropping Class 9 economics?

Multiple cropping is the most common way of increasing production on a given piece of land. When more than one crop is grown on a piece of land during the year, it is known as multiple cropping system. All the farmers in Palampur grow at least two main crops and grow potatoes as their third crop.

What are the factor payments for land labor and capital?

Factor payments are frequently categorized according to the services of the productive resource. Wages are paid for the services of labor, interest is the payment for the services of capital, rent is the services for land, and profit is the factor payment to entrepreneurship.

How many families live in Palampur?

450 families live in Village Palampur.

How many families live in the village Palampur?

450 families live in Palampur. 80 are upper caste families and own maximum land. 150 families do not own land and 300 own land.

How many families in Palampur live in small houses?

Construct a table on the distribution of land among the 450 families of Palampur.

Which of these is a primary factor of production in economics a land B Enterprise C capital D money?

It refers to all natural resources. One uses the land to produces goods. It is the primary and natural factor of production.

Which is the factor of production Mcq?

Factors of Production in Agriculture MCQ Question 3 Detailed Solution. The correct answer is Working capital. Factors of Production are the resources used by people to produce goods and services.

What is production Byjus?

Production is the procedure by which inputs are changed into output. Production is carried out by the manufacturers or firms. An enterprise obtains different inputs like machines, labour, raw materials, land, etc. It utilises these inputs to manufacture output.

What is production BYJU's?

Production refers to all the activities which are undertaken to produce goods and services for generation of income and satisfaction of wants.

What are the most common ways of increasing production on a given piece of land?

Multiple cropping and the use of modern farming methods are the two common ways of increasing production on the same piece of land.

What is the source of capital for the large farmers?

Answer Expert Verified

Medium and large farmers obtain capital for farming from their own savings or take loan from the bank. Small farmers on other hand do not have sufficient funds. They borrow from large farmers on the village money lenders or the traders who supply various inputs for cultivation.

Which factor is most scarce and why?

Land is the most scarce factor because unlike capital, entrepreneurs and labour, it is limited and only a certain amount can be used.

Why is land called a scarce factor of production?

While production factors such as labor is needed for training or educational processes and other services related to the human resource, capital as a material stock is needed to be made available before the production processes commences. Also, land does not need as much labor or material to produce.

What is the most abundant factor of production in India?

Labour which refers to the human input in the process of production is the most abundant factor of production in India.

What is the most scarce factor of production in Palampur?

It is the land which is the scarce factor of production in Palampur. In Palampur, all land practically has been brought under cultivation , no land has been left unused or not put under cultivation.

What is the most abundant element in the atmosphere?

The most abundant naturally occurring gas is Nitrogen (N2), which makes up about 78% of air. Oxygen (O2) is the second most abundant gas at about 21%. The inert gas Argon (Ar) is the third most abundant gas at . 93%.

What is the most abundant element in the core?

The vibrational spectrum of iron, the most abundant element in Earth's core, at 171 gigapascals. By squeezing iron between two diamond anvils (inset), Caltech researchers reproduced the pressures found in Earth's core.

Which is the most abundant non-metal in the earth crust?

The most abundant non-metal found in the earth's crust is Oxygen. It is also the most abundant element found in the earth's crust. It makes up about 46% of the earth's crust, followed by Silicon with 28% and Aluminium with 8.3%.

What is the difference between land and capital as the factor of production?

Economists traditionally divide the factors of production into four categories: land, labor, capital, and entrepreneurship. Land refers to natural resources, labor refers to work effort, and capital is anything made that is used to make something else.

What is the basic difference between the 2 factors of production land & capital?

What is the basic difference between two factors of production-land and capital? Land is a natural resource whereas money is man-made. It is possible to increase capital, whereas land is fixed.

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