CBSE Class 9 Economics Chapter 1 Notes - The Story of Village Palampur

The Story of Village Palampur Class 9 Notes Economics Chapter 1 - PDF Download

There are a lot of sectors that have a major contribution to the Indian Economy, but the agriculture sector has been dominating the Indian Economy without a doubt. It is said that almost 18% of India’s Gross Domestic Product constitutes the agricultural sector. Also, it is mentioned in Vedantu’s Class 9 Economics Chapter 1 notes that half of the country’s workforce belongs to the agricultural sector. Through the Class 9 Economics Chapter 1 notes free PDF, we get to know that India is the largest producer of spice products, pulses, rice and wheat.

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CBSE Class 9 Economics Chapter 1 Notes - The Story of Village Palampur part-1

Economics Chapter 1 Notes

While learning Class 9 Economics Chapter 1 notes, students will have a better understanding of the crops production, organisation, labour work, transport and other things related to the Indian economy. Hence, with a clear concept and expert CBSE notes, students will be able to score good marks in the exam. Students should also take help of The Story of Village Palampur PPT where all these topics have been covered adequately.

The story of village Palampur notes depicts Palampur as a hypothetical village where farming has been highlighted as the main activity. Besides farming, small scale manufacturing, transport and dairy are also mentioned as the important activities of the village. The Story of Village Palampur Class 9 notes will give you an overview of the village which is well connected with the system of roads, transport, irrigation, electricity, health care centres and schools. These activities inside the village are referred to as the production activities. These production activities produce goods and services with four essential components that include capital, machines, land and labour.

If students are having difficulty studying online, they can take the help of Class 9 Economics Chapter 1 notes PDF and study offline. Both online and offline notes will highlight the use of raw materials for production and thus will state its importance.

Economics Class 9 Chapter 1: Main Features of the Village Palampur

The area of the village is 300 hectares along with facilities like education, market, electric supply and communication. Also, it has a particular land meant for important farming activities. All of this information is available in notes of Economics Class 9 Chapter 1.

If you are doing the last-minute preparation, you can go through The Story of Village Palampur summary which will provide you with key concepts about this chapter.

The Story of Village Palampur: Key Concepts

Q. What are the drawbacks of modern farming?

Ans. There are certain drawbacks of modern farming which are as follows:

  • It involves an investment of greater capital compared to traditional methods.

  • Excessive use of chemical fertilisers decreases the fertility of the soil.

  • Natural resources like groundwater get affected and destroyed. This leads to the difficulty in restoration.

Q. How do farmers arrange money for farming?

Ans: Farmers either borrow money amongst each other or from money lenders in the village. They also, at times, take help of the traders. They have to pay a high rate of interest against such loans. However, money borrowing is only among small farmers because big framers have their own savings from farming.

Did You Know?

  • Modern farming methods involve a significant amount of capital compared to traditional methods.

  • Without knowledge and an enterprise, production cannot function only with capital, labour and land.

  • Besides agriculture, transport is an important sector that has a major contribution to the economy.

  • Palampur is a hypothetical village that also informs students about a marginal farmer who cultivates as owner or tenant.

  • Palampur is an example of a developed village in the country that has a significant amount of contribution to the economy.

FAQs (Frequently Asked Questions)

Q1. What are the Essential Things for Production?

Ans: The Story of Village Palampur notes includes the most important things that must be considered during production. These are as follows:

  • Capital - Without money, nothing functions in the world. It is essential during the production of goods and also required for future use and other activities. Money in hand is known as working capital.

  • Physical Capital - These include machines, raw materials and similar other things.

  • Labour - As stated earlier, 50% of the workforce belongs to the agriculture sector. Hence it is a labour-intensive sector and without which it can never work. It is the hard work of the labourers that gives the consumer the opportunity to enjoy high-quality goods.

  • Land - It is the most basic thing in production. Be it in the agriculture sector or any other sector, the requirement of land is mandatory where the production activities can be conducted.

Q2. What are the Ways to Grow More in the Same Land?

Ans: It has been informed in the chapter about how Kharif farmers grow jowar and bajra before the cultivation of potatoes in between October and December. Also, in the winter season, the farmers grow wheat in half of the land and the other half is dedicated to sugarcane. The process of irrigation is geared up with the introduction of electricity which is one of the significant reasons behind the growth of three different crops at the same time. Students can understand this better when they learn Economics Class 9 Chapter 1 notes. This is also known as multi-cropping. Besides this, another approach to implement for higher yield is modern cropping which, however, requires a considerable amount of capital.

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