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Land utilisation

  LAND UTILIZATION  Land is a scarce resource, whose supply is fixed for all practical purposes. At the same time, the demand for land for various competing purposes is continuously increasing with the increase in human population and economic growth.Land use pattern at any given time is determined by several factors including size of human and livestock population, the demand pattern, the technology in use, the cultural traditions, the location and capability of land, institutional factors like ownership pattern and rights scale regulation. Major Types of Land Utilization in India : As in all other countries, land in India is put to various uses. The utilization of land depends upon physical factors like topography, soil and climate as well as upon human factors such as the density of population, duration of occupation of the area,land tenure and technical levels of the people.There are spatial and temporal difference in land utilization due to the continued interplay of phys...
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Factors affecting supply

FACTORS AFFECTING SUPPLY

Supply refers to the quantity of a good that producer plans to sell in the market during the period of an account year.

The following are the factors which affect the supply:

1 Decrease in costs of production affects the supply as business can supply more at each price.

2. Increase in number of firms will increase the supply.

3.Expansion in the capacity of existing firm can influence supply.

4.Climatic conditions are important as they can influence the supply of agricultural products.

5.Lower taxes can reduce cost of goods which further directly effects the supply.

6.Price and supply are directly related.higher prices induces the firm to offer more for sale.

7.Increase in prices of other goods make products more profitable .

8.Technological changes influence supply of a commodity.

9.Supply of a commodity increases at higher prices as it fulfills the objective of profit maximisation.

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