Question

Meaning and definition of agricultural economics characteristics

Answer 1

Agricultural economics

Agricultural economics is an applied field of economics concerned with the application of economic theory in optimizing the production and distribution of food and fiber. Agricultural economics began as a branch of economics that specifically dealt with land usage, it focused on maximizing the crop yield while maintaining a good soil ecosystem. Throughout the 20th century the discipline expanded and the current scope of the discipline is much broader. Agriculturaleconomics today includes a variety of applied areas, having considerable overlap with conventional economics.