Progress in farming: This fact would have surprised most economists of the early 19th century, who feared that the limited supply of land in the populated areas of Europe would determine that continent’s ability to feed its growing population. Their fear was based on the so-called law of diminishing returns: that under given conditions an increase in the amount of labour and capital applied to a fixed amount of land results in a less than proportional increase in the output of food. This principle is a valid one, but what the classical economists could not foresee was the extent to which the state of the arts and the methods of production would change. Some of the changes occurred in agriculture; others occurred in other sectors of the economy but had a major effect on the supply of food.
In looking back upon the history of the more developed countries, one can see that agriculture has played an important part in the process of their enrichment. For one thing, if development is to occur, agriculture must be able to produce a surplus of food to maintain the growing nonagricultural labour force. Since food is more essential for life than are the services provided by merchants or bankers or factories, an economy cannot shift to such activities unless food is available for barter or sale in sufficient quantities to support those engaged in them. Unless food can be obtained through international trade, a country does not normally develop industrially until its farm areas can supply its towns with food in exchange for the products of their factories.
Economic development also requires a growing labour force. In an agricultural country most of the workers needed must come from the rural population. Thus agriculture must not only supply a surplus of food for the towns, but it must also be able to produce the increased amount of food with a relatively smaller labour force. It may do so by substituting animal power for human power or by gradually introducing labour-saving machinery.
Agriculture may also be a source of the capital needed for industrial development to the extent that it provides a surplus that may be converted into the funds needed to purchase industrial equipment or to build roads and provide public services.
For these reasons a country seeking to develop its economy may be well advised to give a significant priority to agriculture. Experience in the developing countries has shown that agriculture can be made much more productive with the proper investment in irrigation systems, research, fertilizers, insecticides, and herbicides.
Fortunately, many advances in applied science do not require massive amounts of capital, although it may be necessary to expand marketing and transportation facilities so that farm output can be brought to the entire population.
One difficulty in giving priority to agriculture is that most of the increase in farm output and most of the income gains are concentrated in certain regions rather than extending throughout the country. The remaining farmers are not able to produce more and actually suffer a disadvantage as farm prices decline. There is no easy answer to this problem, but developing countries need to be aware of it; economic progress is consistent with lingering backwardness, as can be seen in parts of southern Italy or in the Appalachian area of the United States.
The kidney removes wastes from the body by separating them from the blood and forming urine. In this process many substances are ….
Some physiological characteristics, such as the mechanisms that regulate the acidity of the blood or its sugar level, are adequate ….
Progeria is an extremely rare disease of early childhood characterized by many of the superficial aspects of aging, such as ….
Agis IV was born c. 263 BC and died 241 BC He was a Spartan king (244–241) who failed in his attempt to reform Sparta’s economic and political …..
The most outstanding psychological features of aging are the impairment in short-term memory and the lengthening of
Agis II was king of Sparta after about 427 BC who commanded all operations of the regular army during most of the ….
Agis III was a Spartan king from 338–331 who rebelled unsuccessfully against Alexander the Great. He died in 331 BC..
Agitprop, abbreviated from Russian agitatsiya propaganda (agitation propaganda), is a political strategy in which the techniques of agitation and propaganda ….
Aglauros, in Greek mythology, is the eldest daughter of the Athenian king Cecrops. Aglauros died with her sisters by leaping in fear ….
Agnano is a volcanic crater in Napoli provincia, Campania regione, southern Italy. It is situated in the Campi Flegrei ….
Agnathan are any of the class Agnatha of primitive, jawless fishes that includes the lampreys and hagfishes (order Cyclostomata), as well …
Giovanni Agnelli was born on March 12th, 1921 in Turin, Italy and died on January 24th, 2003 also in Turin …
Umberto Agnelli was born on November 1st, 1934 at Lausanne, Switzerland. he is an Italian automotive executive and grandson of Giovanni …
Agnes Of Poitou was born c. 1024 AD and died on December 14th, 1077 in Rome [Italy]. She was also called …
Agnes Scott College is a private institution of higher education for women in Decatur, Georgia, U.S. A liberal arts college allied ..
Saint Agnes flourished in the 4th century in Rome,Italy. She was virgin and patron saint of girls, who is one of the most celebrated Roman martyrs. …
Maria Gaetana Agnesi was born on May 16th, 1718 in Milan, Habsburg crown land [now in Italy] and died on January 9th 1799 also in Milan ….
Spiro T.Agnew was born on November 9th 1918 in Baltimore, Maryland, U.S.A. and died on September 17th, 1996 at Berlin, Maryland. His full ….
Agni (Sanskrit: “Fire”) is a fire-god of the Hindus, second only to Indra in the Vedic mythology of ancient India. He is equally the fire ..
Shiv Narayan Agnihotri was born in 1850 nearKānpur inIndia and died in 1923 inLahore [now inPakistan]. He was the Hindu founder of an atheistic …..