Answer to Question #163325 in Microeconomics for Rodgers Njogu

Question

Discuss why analysis of agricultural economics should place a lot of emphasis on the farm level of production

Answer 1

Agricultural economics, study of the allocation, distribution, and utilization of the resources used, along with the commodities produced, by farming. Agricultural economics plays a role in the economics of development, for a continuous level of farm surplus is one of the wellsprings of technological and commercial growth.