Capital in agriculture includes the following item except
Answer Details
Capital in agriculture refers to the resources and assets used to produce crops and livestock. It includes items such as machinery, buildings, and land.
The option that does not belong in this list is "labour". While labour is an important input in agriculture, it is not considered a capital asset. Capital assets are long-term investments that are used to produce goods over time, while labour is a more immediate input that is used to carry out specific tasks.
So, labour is considered an operational cost or an expense, rather than a capital asset, in agriculture. To produce crops and livestock, farmers need both capital assets and labour inputs, but labour is not considered a part of the farmer's capital.