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Showing posts from May, 2014
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WORLD ENVIRONMENT DAY 2014 World Environment Day is celebrated on June 5 every year. It is run by United Nations Environment Program (UNEP).  In each year this day is celebrated with a particular theme. The 2014 theme for World Environment Day will focus on 'Small Islands and Climate Change' and the official slogan for the year 2014 is 'Raise Your Voice Not The Sea Level'. It is our duty to protect nature. 

PRODUCTION AND FACTORS OF PRODUCTION

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PRODUCTION & FACTORS OF PRODUCTION WHAT IS PRODUCTION ? The act of making goods and services in order to satisfy various human wants is called Production. It must be remembered that the services of a doctor, teacher or lawyer are also production; but we cannot see these services. FACTORS OF PRODUCTION The labor , natural resources, goods made by human beings used in production are together called factors of production.                                                                                   1. LAND    Land is the basic factor of production. All natural resources found on the surface and the interior of the earth and in the atmosphere come under this factor.                                                                    Characteristics of land : * Total availability of land is fixed. We can increase the use of land for a purpose, but total quantity cannot be changed. * The Earth has no mobility. In the sense the earth goes round the sun it mo