Agricultural Economics: A Comprehensive Overview
Discover the essence of Agricultural Economics, a branch of economics focusing on agricultural production, resource management, and rural development. Explore its application of economic principles in optimizing agricultural activities for prosperity.
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Presentation Transcript
TOPIC: Introduction of Agricultural Economics Dr. Surendra Kumar Gupta Department of Economics DDU Gorakhpur University, Gorakhpur
What is Agricultural Economics? Agricultural Economics is made with two word Agriculture + Economics Why Economics? Because it applies principles of economics in issues of agricultural production, natural resources and rural development. It mainly emphasizes on microeconomics Agriculture word is come from Latin word AGER which means soil and cultura. The widest sense of agriculture is the cultivation and production of crop plants. principles of
What is Agricultural Economics? Agricultural Economics is a BRANCH OF ECONOMICS. It deals about all aspects and dimension of problems related to agriculture Applied Branch Agricultural Economics is SCIENCE OF SELECTION Capital (Equipment for a farm) Choice of crops to be grown Land Labour
Conti. Agricultural Economics is branch of Agriculture Science : IT DEALS ABOUT To secure the greatest degree of prosperity to the agricultural activities Various methods to regulate mutual relationship among different- different factors. ? Y H W
Conti According to B. H. Hibbard Agricultural Economics is a study of relationship arising from the wealth getting and wealth using activity of man in agriculture. According to L. C. Gray Agricultural Economics may be defined as a science in which the principles and methods of economics are applied to the special conditions of agricultural industry. According to Philip Taylor Agricultural Economics is that branch of Economics which deals with the production and distribution of agricultural commodities and the institutions associated with agriculture.
Conti... In nutshell Agricultural Economics is a study of Resource Efficiency. To secure the greatest degree of prosperity to the agricultural activities
