how the advanced biotechnological tools helps in production of value added food products for the social benefits, with examples specify the novelty of these products over conventional ones.
Answers
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〰️》Question :-
how the advanced biotechnological tools helps in production of value added food products for the social benefits, with examples specify the novelty of these products over conventional ones.
✔Answer :-
Productivity increases may lead to lower prices. Certainly, this would benefit the final consumer but the situation of the producers would not necessarily improve. The income position of the rural population is affected buy such factors as:
· changes in the prices farmers receive;
· the effect of the new technology on production costs;
· the impact of the new technologies on the volume of production as well as the effects of these changes on the demand for labour; and
· the impact on the costs of their own consumption.
Whether or not rural households are able to adapt to the new technologies themselves will also affect their incomes, as will their position as net buyers or net sellers. Accordingly, various segments of the rural population will be affected in very different ways as a result of specific applications of biotechnology in a given country.
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