Agriculture plays a vital role in economic development of developing countries. The role of agriculture in economic development is crucial because a majority of the population of developing countries make their living from agriculture. We explain below the role of agriculture in detail and point out in what ways agriculture can contribute to economic growth of a country. Role of [...]
The role of agriculture in economic development in India has been exhaustively studied from different viewpoints. It has often been approached from the point of view of the intersectoral transfer of resources, mainly agricultural surplus. Even more commonly, it has been viewed within the dualistic models, based on surplus labour but supplemented by a set of dynamic laws leading to [...]
In this article we will discuss about:- 1. Meaning of Agricultural Economics 2. Scope of Agricultural Economics 3. Nature 4. Agriculture as Applied Science. Meaning of Agricultural Economics: Agricultural Economics, as its title implies is that branch of economics which deals with all aspects of problems related to agriculture. According to Snodgrass and Wallace, "Agricultural economics is an applied phase [...]