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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Discuss the problems of Rural Economy. - Economics

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Question

Discuss the problems of Rural Economy.

Long Answer

Solution

The problems of rural economy are.

  1. People-related problems: The problem consists of illiteracy, lack of technical know-how, low level of confidence, dependence on sentiments and beliefs, etc.
  2. Agriculture-related problems: This include lack of awareness, knowledge, skill, and attitude, unavailability of inputs, poor marketing facility, the insufficient extension of staff and services, the small size of land holding, absence of infrastructure, primitive technology, reduced public investment, and absence of a role for farmers in fixing the prices for their own products.
  3. Infrastructural related problems: Poor infrastructure facilities like water, electricity, transport, educational institutions communication, health, employment are found in rural areas.
  4. Economics-related problems: Inability to adopt high-cost technology, high cost of inputs, under privileged rural industries, low income, indebtedness, and existence of inequality in land holdings and assets.
  5. Leadership-related problems: Leadership among the hands of inactive and incompetent people, the self-interest of leaders, biased political will, less bargaining power, and negotiation skills, and dominance of political leaders.
  6. Administrative problems: Political interference, lack of motivation and interest, low wages in villages, improper utilization of budget and absence of monitoring and implementation of the rural development programme.
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Problems of Rural Economy
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Chapter 10: Rural Economy - Model Questions - Part D [Page 224]

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Samacheer Kalvi Economics [English] Class 11 TN Board
Chapter 10 Rural Economy
Model Questions - Part D | Q 39 | Page 224
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