Book: NCERT - Economics
Chapter: 1. The Story of Village Palampur
Subject: Social Science - Class 9th
Q. No. 2 of Let's Discuss Pg-11
Listen NCERT Audio Books - Kitabein Ab Bolengi
What happens to farmer-3 in year 3? Can he continue production? What will he have to do to continue production?
(i) In 3rd year, farmer 3 could not produce wheat anymore in accordance with the trends of the three years.
(ii) Yes, production can be continued by him but it would require additional capital input from the farmer’s end.
(iii) The farmer will have to arrange for working capital by borrowing money from the moneylender, banks or some other source, if he wishes to continue production.
Chapter Exercises
More Exercise Questions
Let us take three farmers. Each has grown wheat on his field, though the production is different (see Column 2). The consumption of wheat by each farmer family is the same (Column 3). The whole of surplus of wheat this year is used as capital for next year's production. Also suppose production is twice the capital used in production.
Complete the tables.
Farmer 1
|
Production |
Consumption |
Surplus = |
Capital for the |
|
|
Year 1 Year 2 Year 3 |
100 120 |
40 40 40 |
60 - - |
60 - - |
Farmer 2
|
Production |
Consumption |
Surplus = |
Capital for the |
|
|
Year 1 Year 2 Year 3 |
80 - - |
40 40 40 |
- - - |
- - - |
Farmer 3
|
Production |
Consumption |
Surplus = |
Capital for the |
|
|
Year 1 Year 2 Year 3 |
60 - - |
40 40 40 |
- - - |
- - - |