Notesale: Turn your study into money

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Chapter 1
The Story of Village Palampur
 Village Palampur
 The main production activity in the village is farming
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 Palampur has a well developed road system, electricity, irrigation, health centre,
schools and transport
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 Requirements for the Production of Goods and Services
 Land and other requirements such as water, minerals and forests
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 Some activities require educated and highly skilled workers
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 Physical Capital (inputs required during production)
 Fixed Capital: Tools and machines such as generators, computers, buildings,
turbines, etc
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 Working Capital: Raw materials and money
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 Farming in Palampur
 Land is fixed
 75 % of the people in Palampur are dependent on farming
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 As all the land has already been used for cultivation, there is no possibility of
increasing production by adding more land
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Different crops are cultivated in different seasons on the
limited land
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 Growing different varieties of crops in one year is possible only because of the
developed system of irrigation
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Tube wells run by
electricity help in irrigating a large area of land quickly and more effectively
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The HYVs are capable of producing more amount of grain on one plant
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 It is difficult to restore it, thus better care of the environment should be taken
for the development of agriculture in future
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People without land, work for the people with land for earning their
livelihood
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Lack of surplus enables them to take loans
and they work simultaneously on something else for earning their living
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 Labour
 Labour is the next most important thing after land for production
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 Introduction of modern techniques of irrigation have lowered the employment
opportunities for labourers further, thus forcing them to migrate to nearby
villages for work
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They are hired on a daily basis, early basis or on the
basis of a particular activity
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However, the interest rate on these
loans is very high
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 Sale of Surplus Farm Products
 After the completion of production, farmers keep a percentage for personal
consumption and sell the surplus in the market
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 Non-farm Activities in Villages
 Dairy
 Jowar and Bajra grown during rainy seasons are fed to the buffaloes
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 Small-scale manufacturing
 Involves simple production techniques
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 Shopkeepers
 Villagers buy goods from wholesale markets in cities and sell them in their
villages
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are sold
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 Transport
 People with rickshaws, tongas, tractors, trucks, bullock carts are the ones in the
transport service and they transport goods and people to different places in
return of money
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