Which is the most abundant factor of production in India?aLandbCapitalcLabourdTools and machinesCorrect answer is option ‘C’ Can you explain this answer? EduRev UPSC Question

Modern farming method—It is the method of using HYV seeds, tube wells for irrigation, chemical fertilisers and pesticides for farming. The use of modern machinery like tractors and threshers helps in ploughing and harvesting faster to increase the production. Among the three factors of production, we found that labour is the most abundant factor of production. There are many people who are willing to work as farm labourers in the villages, whereas the Opportunities of work are limited. They belong to either landless families or ____.

Which is the most abundant factor of production in India? A)Landb)Capitalc)Labourd)Tools and machinesCorrect answer is option ‘C’. For UPSC 2023 is part of UPSC preparation.

Factors of Production: FAQs

_______ is the most labour absorbing sector of the economy. Q. There is heavy competition for work among the farm labourers in Palampur due to which _______. Skilled or semi-skilled or unskilled labour – all are providing labour for production.

So both A and R are true and R is the correct explanation of A. These four factors of production are the building blocks of the economy. Proper balance needs to be maintained in order to provide to provide goods and services at an affordable price at the right time and right place.

Therefore, it is very important that we take good care of land and other natural resources used in farming. Though both land and capital are scarce, there is a basic difference between the two factors of production. Labour which refers to the human input in the process of production is the most abundant factor of production in India. Here you get to know about which is the most abundant factor of production in india? For more details read the full article. Multiple cropping—It refers to growing more than one crop on a piece of land during the year.

Labour is the most abundant factor of production. There are four factors of production, namely, Land, Labour, Capital, and Entrepreneurship. The usage of chemical fertilizers, pesticides, weedicides, decreases the inherent productivity of the soil. Q. The 80 upper caste families owned majority of the land in Palampur.

The labour, looking for opportunities is thus migrating to neighbouring villages, towns and cities. Some labour has entered the non-farm sector in the village. E.g. In India, the first farmers to produce with the help of modern farming methods are of Punjab, Haryana and Western Uttar Pradesh. These farmers use HYV seeds, chemical fertilisers, and fertilisers for higher and better production and tubewells for irrigation. They were rewarded with the increase in per hectare production of wheat from 1300 kg to 3200 kg per hectare.

The Story of Village Palampur

It is the most common way of increasing production on a given piece of land. The implication of heavy competition for work among the farm labourers in village Palampur is that the people are ready to work for lower wages. Labour is which is the most abundant factor of production in india the most abundant factor of production in India and Low skilled Labor in Unorganized sector is highest fraction of that. Production of goods and services is affected by 4 major factors- capital, labour, land, and entrepreneurship.

If any of the factor is missing, then the cost of production increases, forcing the supplier to charge a higher price to the consumer. Each factor of production is important to produce the best output. If any of the factor is missing, it directly impacts the output. For example, increase in capital requires more entrepreneurship, which necessitates more land and labor for production.

The most abundant factor of production in India is Labour. Labour refers to the people who do the manual work that is mostly unskilled or semi-skilled work. Excessive use of pesticides, insecticides, chemical fertilisers pollute the surface water as well as air. Use of modern methods of farming results in degeneration of soil. Q. What are the different ways of increasing production on the same piece of land?

Production requires a variety of raw materials such as the yarn used by the weaver and the clay used by the potter. Also, some money is always required during production to make payments and buy other necessary items. Raw materials and money in hand are called working capital.

Each worker is providing necessary labour for production. Labour means people who do the work either highly trained and educated or who can do manual work. Welcome to Defence Adda, your one-stop solution to prepare for all Defence Examinations!! Needs to review the security of your connection before proceeding.

Which is The Most Abundant Factor of Production in India: Solution

There are 60 families of medium and large farmers who cultivate more than two hectares of land. A few large farmers have ten hectares or more. Thus, hypothetical village Palampur is taken to make clear all the concepts related to production. The fourth requirement is knowledge and enterprise to be able to put together land, labour and physical capital and produce an output. The third requirement is physical capital, i.e., variety of inputs required at every stage during production. The second requirement is labour.

Therefore, capital too is a scarce factor of production, particularly for the small farmers. In Palampur, mostly villagers are engaged in farming activity. Their main occupation is agriculture. The other activities like dairy, transport, etc. are carried out on a limited scale.

• In Palampur, mostly villagers are engaged in farming activity.
• Use of modern methods of farming results in degeneration of soil.
• Under this revolution, modern methods of farming were adopted to increase agricultural productivity.
• Has been provided alongside types of Which is the most abundant factor of production in India?

Labour being the most abundant factor of production, it would be ideal if new ways of farming used much more labour. Unfortunately, such a thing has not happened. The use of labour on farms is limited.

Labour is another important requirement for the production of goods and services. Labour represents all the people that are available to transform resources into goods or services that can be purchased. Labour being the most abundant factor of production, it would be ideal if the new ways of farming used much more labour. There are majorly four factors of production i.e. Land, Labour, Capital, and Entrepreneurship.

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They are paid low wages, and lead a difficult life. Solutions for https://1investing.in/? In English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free. In contrast to labour, ________ is a scarce factor of production.

Which factor of production is abundant in India?

Here you can find the meaning of Which is the most abundant factor of production in India? Defined & explained in the simplest way possible. Besides giving the explanation of Which is the most abundant factor of production in India? Has been provided alongside types of Which is the most abundant factor of production in India? Theory, EduRev gives you an ample number of questions to practice Which is the most abundant factor of production in India? Tests, examples and also practice UPSC tests.

Unlike tools, machines and buildings, these are used up in production. Q. Modern farming methods require the farmers to start with more cash than before. It is possible to increase capital, whereas land is fixed.