Rampur: Village Economy

Key Points:

1. Rampur lies in the fertile alluvial plains of the Gengetic basin in the Western part of U.P. Farming is the main production activity in Rampur. Majority of the working people are dependent on farming for their livelihood.
2. There is no land is left idle in Rampur. During the Kharif season farmers grow Jowar and Bajra. It is followed by cultivation of potato between October and December. In the Rabi season fields are sown with Wheat.
3. Farmers in Rampur are able to grow three different crops in a year due to the well – developed irrigation system. Electricity transformed the system of irrigation in Rampur. They used Persian wheels to draw water from the wells.
4. Most of irrigation in India is based on tapping underground water. As a result, underground water tables have fallen rapidly across the country.
5. There are four requirements for the production of goods and services. They are land, labor, Capital and organization.
6. Farming requires a great deal of hard work. Small farmers along with their family members mostly cultivate their own fields. Small farmers keep substantial share of production for their own family needs.
7. Only 25% of the people working in Rampur are engaged in activities other than agriculture such as dairy farming, small scale manufacturing, shop-keeping and transport. MNREGA has provided some support to the incomes of rural workers.

Key Points:

1. Factors of Production: Land, Labor, Capital and Organization are called factors of production.
2. Land: An area of ground, especially when used for a particular purpose such as farming or building. It is an essential factor for production.
3. Labour: People who will do the work. Those who do not have a right over the crops grown on the land but are paid wages are farm laborers.
4. Working Capital: Capital requirement for raw material and money for other expenditure.
5. Fixed Capital: Capital required for the purchase of machines and Constructing buildings for production.
6. Surplus: An excess of production.
7. Farm Activities: The work done in agriculture to produce Agricultural Production. Agricultural activities such as farming, irrigating, ploughing and harvesting.
8. Non-Farm activities: Other than the agricultural activities like dairy, small-scale manufacturing, shop keeping etc.