From the above, explanation it may be concluded that agriculture occupies an important place in the development of an economy. Another patch of land is selected and the process is repeated.
Moreover, the revenue of the government, to a larger extent, relies on the success of agricultural sector.
Helpful to Reduce Inequality: The development of agriculture requires roads, market yards, storage, transportation railways, postal services and many others for an infrastructure creating demand for industrial products and the development of commercial sector.
Fifthly, industrialisation provides a firm basis in raising the share of industry in total income rapidly. In the first place, agricultural productivity is hampered by poor technology and paucity of capital investment in poor LDCs.
Role of Agriculture in Economic Development: Agriculture provides employment opportunities for rural people on a large scale in underdeveloped and developing countries. Agricultural products like tea, sugar, rice, tobacco, spices etc. Staple food crops were grains such as wheat and barley, alongside industrial crops such as flax and papyrus.
Land revenue, agricultural income tax, irrigation tax and some other types of taxes are being levied on agriculture by the state governments.
In countries like the U. In the process, the rural masses enjoy a better way of living. Likewise, irrigation infrastructure is lacking, leaving farmers much more exposed to the variability of weather. Agriculture, for decades, had been associated with the production of basic food crops.
The following facts clearly highlight the importance of agriculture in this country. Poor LDCs experience high population growth rate and a high income elasticity of demand for food. Even developed countries lay emphasis on agricultural development.
Build Your Portfolio With Infrastructure Investments The Bottom Line Although agriculture is no longer a major employer in North America or Europe, and food security is not a preeminent problem for most citizens, it is still a globally vital industry. The lessons drawn from the economic history of many advanced countries tell us that agricultural prosperity contributed considerably in fostering economic advancement.
Supply of Food and Fodder: A comprehensive approach to i shifting to high-value agriculture, ii extending non-farm activities in rural areas so as to encourage agricultural labour to reduce their dependence on agriculture for livelihoods in transforming countries of South and East Asia, the middle East and North Africa.Agricultural sector plays a strategic role in the process of economic development of a country.
It has already made a significant contribution to the economic prosperity of advanced countries and its role in the economic development of less developed countries is of vital importance.
In Tanzania. Agriculture is a very important industry to every country; most countries start with agriculture before further economic development. Agriculture as it provides the resources for; the basis basic of human being’shomo sapient livelihoods, environmental protection, economic activities and further developments.
What are the factors that transform a country from agriculture to industry? that transform a country from agriculture to industry. Important among these are extent of urbanization, level of. ADVERTISEMENTS: Let us make an in-depth study of the role of agriculture and industry in the economic growth of a country.
Role of Agriculture: To begin with the concept of priority or preference of one sector and one technology over another is a slippery one. For instance, A. W. Lewis once remarked that “Agriculture has [ ].
The development of agriculture provides necessary capital for the development of other sectors like industry, transport and foreign trade.
In fact, a balanced development of agriculture and industry is the need of the day. Agriculture has been an essential industry for nearly all major economies in the world. These countries use agriculture to drive international trade and create jobs.
In the United States, agriculture is one of the most export dependent sectors of the economy with one-third of US agricultural production exported annually.Download