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By D. S Chauhan

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Extra resources for Agricultural economics

Sample text

And face idle unemployment, but on the other hand, work harder $nd try to increase the output to maintain the Nature of Agricultural Output. generally joint products,* e. g,, income. Farm and cotton seed, and wool and mutton, As afe products cereals and straw tir stock, lint in industry where several products might be produced by the same machinery, in agriculture to it is not possible to separate the costs attributable various products. the supply of such And it becomes very farm products difficult to consider in isolation.

It is only during the 19th century that a small section of mankind has attained freedom from concern over feeding themselves. But it is true of only a small section of the world population. Even at present 3/4 of the working time of the whole world is spent in making a living possible, Though civilization has advanced to a stage when the thought is not wholly dominated by the question of bread, even to-day for the under-developed regions of the world the problem is otherwise, These rigions include 2/3 of the world population, and there the human life is at sub-human level, and there is a problem of bread.

That the two oldest and biggest agricultural countries that agricultural of the world, India inspite of and China, have never fought each other being neighbours, is an important fact world in history. The situation which says that is summarised best economic in a Chinese proverb life is just like represented by agriculture, branches and leaves by trade and commerce. worthwhile to whose roots industry and a tree stem by are It is, however, note that this important role of our agriculture has to continue in future, extent, and the country country for pretty though not exactly will to the same remain mostly an agricultural long in future.

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