Terms of trade between agriculture and non agriculture in india
Answers
Answer:
The growth process is generally initiated in the agricultural sector. In the initial stages, labour and capital are transferred from the agricultural sector to the industrial sector. Under these circumstances, most of the economists believe that there is a strong possibility of the terms of trade turning in favour of agriculture as development proceeds.
There are many reasons for it. Per capita output and income will be increasing at a much more rapid pace in the industrial sector than in the agricultural sector. This will bring about relatively greater increase in the demand for’ agricultural products than that for the industrial products.
Answer:
agriculture is most important for our life
and non agriculture is not most importantl for our life