Which is the most abundant factor of production in India?

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Land

Capital

Labour

Human capital

answer is C.

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Detailed Solution

Labour is the most abundant factor of production in India.
Labour can be turned into human capital with sound investments in education and health. Most of the population in India belongs to the working age group. If this labour is used correctly, it can contribute more to the economic and social development of the country. Most of the people in Palampur village are dependent on agriculture. It shows that the availability of labour is good enough for agriculture. However, there are cases in India where the number of workers employed in agriculture is higher than required. Good job opportunities must be created to use the country's labour force productively.

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