essay on agriculture and industries
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Explanation:
Industry, in general, is taken to be categorized into three types, which are the agricultural industry, the commercial industry, and the manufacturing industry. The highlight of this paper focuses on the first of the three, which is the agricultural industry.
More specifically, the impact of shifts and price elasticity of supply and demand, positive and negative externalities, wage inequality, and monetary and fiscal policies are investigated in order to make a holistic assessment of the level of success that the industry has achieved and the economic influences that has affected it in a negative way.
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Answer:
There was a time when agriculture in the country was largely a gamble on monsoon, when our farmers had to depend almost wholly on rainwater for irrigation, his bullock-driven plough for tilling the soil and on organic fertilisers like cow-dung and garbage for manuring the soil. Modern agriculture in the Western countries is highly mechanised, and if we are to triumph over the vagaries of Nature, we have to supply the farmer with all the mechanical means of cultivation.
In order that we may ensure a rapid transition from primitive to modern agriculture, certain basic industries have to be developed on a high priority basis.
The high level agricultural production Western countries reached has come only after the Industrial Revolution of the last century. Formerly, it was believed that the rate of population growth would far exceed the agricultural produce. It was regarded almost as a law of nature. But scientific agriculture has disproved this theory.
Explanation:
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