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CROP PATTERNS:
Analysis of crop patterns in India should relate to the following aspects:
a) The relative significance of different crops/crop groups in the overall area under different crops. This would be an analysis across crops but relate to a specific period.
b) Trend in the change in area under different crops over time. This will be an analysis across crops and over time.
c) Relative share of different regions or states in the crop production would give a view of the regional cropping pattern.
In brief, the analysis should cover the inter-crop differences, inter-temporal differences or time trends and inter-regional differences. In the first section of this unit, let us have a view of the cropping pattern for the latest year for which figures are available.
Average Fixed Cost (AFC): AFC is the fixed cost per unit of output. AFC = TFC/y Since the TFC is constant throughout the short run, as y increases AFC will decline. Therefore
Pre-Funded Pension: A pension plan in that funds are invested and accumulated throughout an individual's working life in order to pay for subsequent disbursement of pension benefit
Product Markets: Markets where produced services and goods are bought and sold (distinguished from markets for factors of production). Production: Process by which human labour
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