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Economics > Land > Flashcards

Land Flashcards

1
Q

What is land?

A

Land is defined to not only include the land surface but also all the other free gifts of nature.
e.g. mineral resources, forest resources, and anything that helps to carry out the process of production of goods and services and is provided by nature free of cost

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2
Q

According to Cairncross, ____________ and __________ are not counted as a part of land because these are largely beyond ____________

A

rainfall and sunlight, human control

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3
Q

What do you mean by factors of production?

A

The goods and services with the help of which the process of production is carried out, are called factors of production

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4
Q

What is land according to modern economists?

A

According to modern economists, land means not only the surface of land, but all those free gifts of nature, the supply of which can be regulated

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5
Q

What are the characteristics of land?

A
  1. Land is fixed in supply
  2. Land requires zero cost of production
  3. Land is immobile
  4. Land is heterogenous
  5. Land has alternative uses
  6. Law of diminishing marginal returns
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6
Q

The most important ____________ of land is that its supply is fixed

A

peculiarity

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7
Q

The potentially available amount of land in the country is ___________

A

fixed

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8
Q

All other agents of production require cost except ______

A

Land

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9
Q

From the viewpoint of the __________ land has zero cost of production

A

society

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10
Q

From the viewpoint of the ____________ land requires cost of production

A

entrepreneur

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11
Q

Different types of land indicate wide variations in its productive capacity, this feature of land is called _________________

A

heterogeneity of land or Land is heterogenous

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12
Q

What is land reclamation?

A

Cultivation in barren or unused land

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13
Q

Increased use of labour and capital on a particular plot of land __________ the production of land but at a _______________

A

increases, diminishing rate

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14
Q

What are the functions of land?

A
  1. Determines agricultural production
  2. Determines the supply of mineral resources
  3. Determines the forest resources
  4. Supplies natural resources
  5. Maintaining proper land-man ratio
  6. Helps the process of industrialisation and urbanisation
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15
Q

If there was no land, _________ would be negligible

A

productions

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16
Q

State the importance of lands

A
  1. Determines the total production
  2. Determines the agricultural output
  3. Determines industrial production
  4. Fulfils the basic needs of people
  5. Influences the economic growth
  6. Maintains ecological balance
17
Q

What is productivity of land?

A

The capability of land in raising the output of a nation

18
Q

Productivity of land is measured by __________

A

yield per hectare

19
Q

What is Average Productivity of Land?

A

Average Productivity of Land is obtained by dividing the output obtained from the land by the total area of the land

20
Q

What is Marginal Productivity of Land?

A

The increase in the output obtained from land, when the area of land increases by one

21
Q

What are the determinants of productivity of land?

A
  1. Natural fertility of lannd
  2. Proper use of land
  3. Investment on land, or expansion of irrigation facilities
  4. Security of tenancy
  5. Location
  6. Other inputs
  7. Scientific ways of cultivation using improved technology
  8. Social conditions
22
Q

Who included all the ‘natural resources’ under the heading of ‘land’

A

Prof. Alfred Marshall

23
Q

Since these are free gifts of nature and they help (and, indeed, are essential to) the production process, they should be considered to be a part of the supply of land in the economy. According to who’s view is this?

A

Prof. Alfred Marshall’s view

24
Q

In order to be considered a factor of production, a commodity or service must be such that it is amenable to human control. Man should be able to control its supply. According to who’s view is this?

A

Cairncross’s view

25
Q

Who’s view of land do the majority of modern economists accept?

A

Cairncross’s view

26
Q

New amount of land can be obtained by ………………….

A

land reclamation

27
Q

The land-man ratio ………………… with an increase in total population

A

decreases

28
Q

If there was no land, the production would have been …………………………

A

negligible

29
Q

…………………………………… get their required inputs from agriculture

A

agro-based industries

30
Q

……………….. of total land area should be covered by forests

A

33%

31
Q

From the viewpoint of the entrepreneur, land requires ……………………………………………

A

cost of production

32
Q

From the viewpoint of the society, land has ……………………………

A

zero cost of production

33
Q

‘Land is a …………………….. factor of production’

A

peculiar

34
Q

The national output of a country depends to a great extent on ………………………

A

availability of land

35
Q

Agricultural output of a country depends on ………………………

A

availability of cultivable land

36
Q

How much of the total land area must be covered by forests?

A

33%

37
Q

If High Yielding Variety of seeds, bio-fertilisers, improved implements are used, the ……………………………………… and ……………………………………… of the land will increase

A

total output and the average productivity

38
Q

What is productivity of land?

A

The productive capacity of land or the capability of the land in raising the output of the country

Economics (9 decks)

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