Question

Classify the economic impact of agriculture industry in local, state and global economies. Based on the information provided, fill in your answer on the table below.  Full time employment  Tourism  Wildlife viewing  Fisheries  Provide taxes  Provide greater food security  Economic development  Environmental sustainability.  generates large cash receipts

Answer 1

Answer:

Microeconomics

Use economic models to learn how prices and markets benefit society in the face of scarcity, and then apply those models to analyze policy.

Answer 2

Answer:

Agriculture is one of the most important occupations in the world. About 70% of people in India engage in agriculture.

This has a huge impact on the economy. In the local level the farmers sell their produce and earn money. The transportation of grains and other food products from state to state also includes in the economy of that state. The economy of a country as a whole also depends upon the agricultural sector. It plays a huge role in the GDP of a country. Internationally countries export and import goods that help in global economies. This also ensures that a country has adequate food resources for difficult times. Tourists also visit tea gardens, coffee plantations etc which is beneficial for the tourism sector. More the land used for agriculture and plantations more the greenery of the area. It also helps environmentally.

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