Home ScienceEarth SciencesAgriculture Subscribe to RSS

What Is The Role Of Agriculture In Economic Development?

Answer Question

1 Answer - Sort by: Date | Rating

    Agricultural growth of an economy is directly linked with the economic development of the country. The reason is that when the agricultural reforms are provided to the farmers, they get more able to invest in inputs and produce much better output. In this way the economy gets stable in its agricultural output and instead of importing the economy can export the agricultural goods. This makes trade stronger. Now, through exports the economy gets more foreign exchange and its reserves start increasing. Moreover, inflation goes down and the value of goods and services are improved in the world market. In this way the economy moves on the way of economic development.
    0 0

    Sehri 

    answered 1 year ago

      More

      More

         
         

        Ask a Question via Twitter

        Send a question to @askblurtit and we will publish it online and send you a reply everytime you receive an answer.

        Blurtit Store

        Get T-shirts, hoodies, caps and more at the Blurtit store