Podcast
Questions and Answers
What is the term used to describe the combination of land, labour, physical capital, and human capital in production?
What is the term used to describe the combination of land, labour, physical capital, and human capital in production?
- Market equilibrium
- Human 2 Economics Barmer
- Economic trade-offs
- Factors of production (correct)
In Palampur, what percentage of people depend on farming for their livelihood?
In Palampur, what percentage of people depend on farming for their livelihood?
- 75% (correct)
- 90%
- 50%
- 35%
Which term is used to describe the land, labour, and fixed capital specifically in production?
Which term is used to describe the land, labour, and fixed capital specifically in production?
- Working capital (correct)
- Physical resources
- Dynamic assets
- Production constraints
What is the term used for the combination of land, labour, physical capital, and human capital in the context of Palampur's farming activities?
What is the term used for the combination of land, labour, physical capital, and human capital in the context of Palampur's farming activities?
Which term is used in the text to describe the conversion of wastelands into productive land through cultivation?
Which term is used in the text to describe the conversion of wastelands into productive land through cultivation?
What is the third requirement for production mentioned in the text?
What is the third requirement for production mentioned in the text?
Which term refers to the workers who provide the necessary labor for production?
Which term refers to the workers who provide the necessary labor for production?
What types of inputs are considered as fixed capital in production?
What types of inputs are considered as fixed capital in production?
Which of the following is NOT a component of working capital according to the text?
Which of the following is NOT a component of working capital according to the text?
What is the second requirement for production mentioned in the text?
What is the second requirement for production mentioned in the text?
