Answer: Most agricultural labourers are from low castes and the depressed classes. Rainy season. Answer: Question 17. Answer: Question 8. 1. It was brought in India by the initiative of Indian government. Answer: Question 42. Which term is used for production for self-consumption? (ii) Machine. (ii) Worldng Capital: Raw materials and money in hand are called Working Capital. Fixed capital. Traditional farming emphasises on the use of natural seeds and fertilizers. Explain its drawbacks. (ii) Labour: The second requirement is labour, i.e., people who will do the work. Question 5. Some money is always required during production to make payments and buy other necessary items. They are land and labour, as capital is created by the application of labour on land and an entrepreneur is the human resource who performs and controls the business. (ii) Fixed capital cannot be changed or built in short period of time. Land is a natural resource, once destroyed it is very difficult to restore it. Farmers of which two states were the first to use modem farming methods in India? Answer: Question 8. Download free printable assignments for CBSE Class 9 Economics with important chapter wise questions, students must practice NCERT Class 9 Economics assignments, question booklets, workbooks and topic wise test papers with solutions as it will help them in revision of important and difficult concepts Class 9 Economics.Class Assignments for Grade 9 Economics, printable worksheets … Preview this quiz on Quizizz. Land, labour, physical capital,human capital. The new technology is early maturing and makes multiple cropping possible. Answer: Question 6. Explain the distribution of workforce engaged in non-farming activities in the rural areas. Answer: soon. Most of the small farmers borrow money from the moneylenders or traders to arrange the capital. Question 48. These are the various factors by mean any resource is transformed into a more useful commodity or service. Name any two states which benefited from the Green Revolution. The crops which are grown in the rainy season i.e., June or July and harvested in October or November. There are four requirements for production of goods and services: Land, labour, physical capital and human capital. Answer: It is a place where goods and services can be sold. It is an active factor of production. Question 2. Question 38. Dr. Norman Borlaug brought high yielding wheat in India. What is physical capital? “Many people belonging to SCs (dalits) are discriminated in village.” Justify giving a reason. Traditional seeds produce less output per hectare. Traditional seeds needed inputs which were readily available with the farmers who did not have to buy these from the market. 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This video takes an in depth look into the factors of production. The great increase in the production of food grains in our country during the last 40 years, due to use of high yielding variety (HYV) of seeds, and other inputs is known as the Green Revolution. Production and Costs Important Questions for Class 12 Economics Concept of Production Function. whats the four factors of production? Production is the creation of value in a commodity, e.g., manufacturing of a car from steel. When are they sown and harvested? Market. Question 45. Answer: Large increase in agriculture production after 1967-68 due to the adoption of new agriculture strategy which implied a simultaneous use of better and modem agriculture inputs. SURVEY . Check your understanding of the economic factors of production with an interactive quiz and printable worksheet. 2.Different Periods in Production So, they require the farmer to start with more cash than before. 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