Glossary and Important Information - The Story of Village Palampur Class 9 Notes | EduRev

Social Studies (SST) Class 9

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Class 9 : Glossary and Important Information - The Story of Village Palampur Class 9 Notes | EduRev

The document Glossary and Important Information - The Story of Village Palampur Class 9 Notes | EduRev is a part of the Class 9 Course Social Studies (SST) Class 9.
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GLOSSARY AND IMPORTANT INFORMATION
1. Land: It is a factor of production that is used for cultivation or construction.
2. Labor: Labor is another important factor of production. It means human exertion.
3. Capital: It is a wealth other than land which is used for production of wealth.
4. Production process: Organizing and utilizing the factors of production for the production of goods and services is known as production process.Glossary and Important Information - The Story of Village Palampur Class 9 Notes | EduRevFig: productivity is key to growth5. Production: Production is the creation of value in a commodity.
Example, manufacturing of a car from steel.
6. Working capital: These include the factors of production which are used in production. Raw materials and money in hand are called working capitals.
7. Fixed capital: Tools, machines, buildings can be used in production over many years. These factors of production are called fixed capitals.

Glossary and Important Information - The Story of Village Palampur Class 9 Notes | EduRevFig: Farmer working in a rice field8. Factors of production: The essential elements which cooperate with one another in process of production. Following are the major factors of productions.
(i) Land    
(ii) Physical capital  
(iii) Labor      
(iv) Human capital
9. Human capital: It is the most important factor of production which put together with land labor and physical capital and produce an output either to use for self consumption or to sell in a market.
10. Multiple cropping: To grow more than one crop on a piece of land during the year in known as multiple cropping.Glossary and Important Information - The Story of Village Palampur Class 9 Notes | EduRevFig: Multiple cropping11. Yield: It is measured as crop produced on a given piece of land during a single season.
12. Non-farm activity: It refers to the activities in a village other than farming. This includes activities like manufacturing, transportation, shop-keeping etc.
13. Green Revolution: The large increase in agriculture production after 1976 due to adoption of new Agricultural strategy which implied a simultaneous use of better and modern agriculture inputs.

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