The process of producing everything that we eat, anything and everything that grows in the ground, is called agriculture. This is also referred to as farming, scientists and inventors from all around the world have come up with technological advancements to make farming a better experience for farmers. The 20th and 21st century saw significant changes in this field (pun intended).

A substantial role of agriculture in the economic development of a country can be understood as the following:

The agricultural sector plays a pivotal role in trade since it makes significant contributions to the same. For example: The United States ship out goods to the UK and the UK does the same because you find certain products only in certain countries.

Agriculture makes considerable contributions to the economic prosperity of a country. When the per capita income is not that high, and the emphasis which is being laid on agriculture and other industries whose primary goal is to pump out products for trade, becomes more elevated. The increase in farming activities can be related to the rise in the per capita income of a community, or even a nation, with industrialization and the urbanization leading to the stark increase in agricultural activities, it does profit all those who are involved. England’s history can be crystal clear evidence that an agrarian revolution preceded the industrial revolution. Even in countries like the United States, agricultural development has helped a lot when it comes to industrialization. We can agree that industrial and agricultural advancements are not opposite one another but indeed are complimentary and would mutually support one another, like having a symbiotic relationship when it comes to inputs as well as outputs. The increase in the agricultural activities directly contributes to the output in trade and in-turn influences our income as well. Here are some direct ways Agriculture influences the economy:

–    It provides raw material and food to the sectors of the economy which are non-agricultural.

–    Creates demand for goods and products which are produced in other sectors of the economy.

–    Provides a surplus which is investable in the form of savings and taxes which are going to be invested in the non-agricultural sector.

–    Through foreign export of agricultural products, it earns valuable foreign exchange currencies.

–    Provides a form of employment and creates hundreds of thousands of jobs all year round, all across the globe, which in many ways affects the economy. Most of these jobs can be filled up by people who have brawn and strength; they don’t need any sorts of education. Skills are all that matter here.

–    If the process of the development of an economy is supposed to be made self-sustaining, the agricultural is where it should begin. It acts as sort of a backbone to the economy in many ways and provides the essential ingredients in the form of raw materials for us humans for the process of industrialization.

Copyrights © 2019 | All Rights Reserved

Log in with your credentials

Forgot your details?