The Stor y of Village Palam pur
Class 9 Economics | Chapter 1
🌾 Farming 👷 Non-Farm Work 🏭 Production 💧 Resources 📊 Capital
CBSE | Economics | Understanding Economic Development
,In tr odu ction to Village Palam pu r
📍 Location 🏠 Households
A hypothetical village in the plains of India — represents a 450 families: 80 upper caste (large farms), 150 OBC (small
typical Indian village. farms), 220 dalit (landless, small plots).
🌾 Main Activity ⚡ Facilities
Farming is the main production activity — 75% of families Electricity, schools, health centre, roads, markets, and dairy
depend on it. cooperatives are available.
, Factor s of Pr odu ction
To produce any good or service, four things are required:
🌱 Land 💪 Labour
Natural resource used in production. Fixed in supply — Human effort (physical & mental) used in production. Can be
cannot be increased. hired.
💰 Physical Capital 🧠 Human Capital
Tools, machines, buildings, raw materials needed for Skills, knowledge, and education of the workers and
production. entrepreneurs.
Class 9 Economics | Chapter 1
🌾 Farming 👷 Non-Farm Work 🏭 Production 💧 Resources 📊 Capital
CBSE | Economics | Understanding Economic Development
,In tr odu ction to Village Palam pu r
📍 Location 🏠 Households
A hypothetical village in the plains of India — represents a 450 families: 80 upper caste (large farms), 150 OBC (small
typical Indian village. farms), 220 dalit (landless, small plots).
🌾 Main Activity ⚡ Facilities
Farming is the main production activity — 75% of families Electricity, schools, health centre, roads, markets, and dairy
depend on it. cooperatives are available.
, Factor s of Pr odu ction
To produce any good or service, four things are required:
🌱 Land 💪 Labour
Natural resource used in production. Fixed in supply — Human effort (physical & mental) used in production. Can be
cannot be increased. hired.
💰 Physical Capital 🧠 Human Capital
Tools, machines, buildings, raw materials needed for Skills, knowledge, and education of the workers and
production. entrepreneurs.
