3. When there is increase in agriculture Production because of increase in agricultural land, it is called economic________
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Answer:
The results indicate that increasing agricultural productivity leads to positive economic benefits. However, productivity improvements would lead to reduction in agricultural employment, which in turn may affect the real income of households in agricultural provinces in the short run.
Manufacturing industries not only help in modernising agriculture, which forms the backbone of our economy, they also reduce the heavy dependence of people on agricultural income by providing them jobs in secondary and tertiary sectors. Industrial development is a precondition for eradication of unemployment and poverty from our country. This was the main philosophy behind public sector industries and joint sector ventures in India. It was also aimed at bringing down regional disparities by establishing industries in tribal and backward areas. Export of manufactured goods expands trade and commerce, and brings in much needed foreign exchange. Countries that transform their raw materials into a wide variety of finished goods of higher value are prosperous. India’s prosperity lies in increasing and diversifying its manufacturing industries as quickly as possible.