Question

village econony ? explain it in detail??​

Answer 1

CORRECT QUESTION

• What is Village Economy?

ANSWER-

• Villages are homes for most rural residents and powerhouses of the rural economy, with a vital role in reducing rural-urban disparity. It raises the need to explore the driving forces of village development, which in turn sheds light on strategies to secure rural revitalization. This research aims to dissect the factors contributing to village economic development through quantitative analysis of 338 villages in the traditional agricultural area of northern Jiangsu Province, China. This research leverages an integration of the econometric modeling and machine learning methodologies (multiple regression model and Boosted Regression Trees method) to ensure our findings’ accuracy and comparativeness. This research finds: (1) village economic development depends more on the intensity of land-use than the absolute amount of farmland resources; (2) transportation infrastructure, labor outmigration, and land transfer are determinants of village economic development with increasing marginal effects; non-farm employment, entrepreneurship, and bottom-up partnership are also positively related to village economic development despite their non-linear effects. (3) Large-scale labor outmigration would brings a short-term positive effect but poses a long-term challenge to village development. The authors suggest that priority should be given to the construction of transportation infrastructure, regulation of farmland transfer, industrial integration, promotion of rural entrepreneurship, and land consolidation to achieve sustainable development of the village economy.

Thank You

Answer 2

Answer:

A stage in economic history following that in which agriculture is the principal pursuit and having for its characteristic features the village, barter trading and little division of labor