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

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

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