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Economics CH1 CLS 9 - Coggle Diagram
Economics CH1 CLS 9
Increasing agricultural produce
Investing in electrical tubewells
Multiple cropping
Growing different crops in different times of the year to help the soil to regain nutrients
In Palampur people grow 2/3 crops each year
Usage of HYV seeds
They produce greater yield as compared to normal seeds
Usage of modern machinery
Usage of modern machinery is efficient and results in less working capital ( not hiring workers)
Usage of sprinklers or drip system
Less water usage
Usage of fertilizers, pesticides, weedicides, etc
No loss of crops by weeds and pests
Faster crop growth
Palampur
Well connected with other villages
Nice transportation
450 families
80 upper caste families: have majority of the land
60 of these families have land above 2 hectares
SC's (dalits) 150 families: live in village corner with small houses
Don't have land for cultivation
220 families
Have land less than 2 hectares to cultivate
Has electricity connections
Has 2 schools and 2 private healthcare centers
Requirements of Production
Land: A natural resource
Water, forests and minerals are the raw materials gotten from land
Continuous tube well usage effects water table level
Can's sustain if too much fertilizer, pesticide , etc is used
If fertility of soil is lost, it takes too much time to regain it
Labour: A man-made resource
People who are willing to work
Some need highly educated workers to perform necessary tasks
In some, educated workers teach the uneducated workers how to perform the tasks
Physical capital
Fixed capital
Tools, Machines, buildings,etc
Things which are not used up during production
Working capital
Raw Materials and money in hand
Raw materials are used up in production
Money is required to make payments and buy necessary items
Human Capital
Requirement of knowledge and enterprise to put together the first 3 factors of production
1 hectare = Area of a square of side 100m (10000m²)
Yield = crop produced on a piece of land during 1 season