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Match the columns

Matrix:

Column I

Column II
(a)
Factors of production
(i)
Not concerning with farming
(b)
Non-farm activities
(ii)
Money needed for doing some work
(c)
Common activity in Palampur
(iii)
Land, labour, capital and entrepreneurship
(d)
Capital
(iv)
Dairy

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a-i, b-iii c-iv, d-ii

a-iv, b-ii, c-iii, d-i

a-iii, b-i, c-iv, d-ii

a-ii, b-iv, c-iii, d-i

answer is C.

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Detailed Solution

1) Factors of production:
The factors of production are enterprise, labour, capital, and land. Land is the first and most significant of these four factors.
2) Non-farm activities:
The non-farm activities carried out in Palampur include, small manufacturing, transportation, shopkeeping, etc.
3) Common activity in Palampur:
Palampur's primary industry is farming, but it also engages in small-scale manufacturing, dairy production, transportation, and other related activities. Natural resources, manufactured goods, labour from people, money, and other resources are all needed for these production activities.
4) Capital:
Capital is a sizable sum of money used to launch a business or invested in order to increase wealth.

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