Agricultural production economics definition natue and scope
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Answer:
Meaning of Agricultural Economics:
Agricultural Economics, as its title implies is that branch of economics which deals with all aspects of problems related to agriculture. According to Snodgrass and Wallace, “Agricultural economics is an applied phase of the social science of economics in which attention is given to all aspects of problems related to agriculture.”
Prof. Gray treats agricultural economics as a branch of general subject of economics. It is only one of the many branches of applied economics. Such as Industrial Economics, Labour Economics, Monetary Economics, Transport Economics, Public Economics, International Economics, Household Economics, etc.
Frankly speaking Taylor’s definition appears to be a pretty careful definition of farming from the point of view of farm management and therefore is narrow and limited in scope. A similar definition has been furnished by Prof. Jouzier as, “Agricultural Economics is that branch of agricultural science which treats of the manner of regulating the relations of the different elements comprising the resources of the former whether it be the relation to each other or to human beings in order to secure the greatest degree of prosperity”.