Question

In: Economics

Currently, agriculture performs a supporting role in developing world—it supports the urban industrial sector. Are you...

Currently, agriculture performs a supporting role in developing world—it supports the urban industrial sector. Are you satisfied with this role or do you want to advocate a different role for agriculture?

Solutions

Expert Solution

Agriculture in the developing countries is the most performing sector as in the initial stage the countries suffer from lack of capital and the per capita income of the inviduals are also very low so savings is relatively very low at those countries and as savings is low then also investment is also vrey low and without huge investments and capital accumulation the growth of industrial or tertiary sector is impossible.so this is the main problem of developing countries.but now days things are changed as foreign multinational companies invest in those countries so the industrial sector also improves so the portion of agricultue sector in GDP starts to fall but it doesn't mean that the agricultural sector is not important anymore.as it support the urban industries many way like many industries used agricultural goods as raw materials so to improve those sctors agriculture have to improve itself.if the particular goods production falls due to weather then the industry production associate with this sector is also very much affected.here we consider a simple example like in the sugar industry the main raw material is sugarcane but if the production of sugarcane hampers the production of sugar also falls drastically.on the other terms it helpsthe urban industries by creating demand.although industry sector is improved but almost 60%or above people engaged in the primary sector so there is a huge demand in the agriculatural sector of urban industy products.but somehow the involvemts of the agricultural sector are limited as when urban industry sector is strated growing the government starts neglate the agricultural sector despite almost 50% or above people are engaged in this sector directly or indirectly.but we should never forgot the agricultural sector provides foods to all over the country.if the country has to import foods then the import burden will increase.but if agricultural sector improves then we can also earn from exporting foods and agricultural goods to others countries.but although the average productivity is very low if we compare it to the developed countries.the per capita productivity is nearly half or one third compare to developed countries.so there needs to improvement in this sectors like advanced machinaries high-yield crops etc.now the most important things is as more over 50% people involved in this sector and they only hold 20% or less than 20% of the NAtional income that means the per capita income of the indivuals involved in these sector is very low.as most of the people can't earn the minimal amount which needs to lead a helthy life and many peoples are suffer from severe poverty.although they produce foods but at the end of the day they can't get a heathly food or proper diet which a man needs to survive.so the government has to take strong actions on this to improvement of those people who are the backbone of the economy.government have to provide them proper diets,health facilities easy debt facilities minimal floor pricing of produced goods to improve their situation.as their situation starts to improve then they can also increase the demand for unber industry products more and more which can lead the economy to a constat growth overtime.


Related Solutions

Currently, agriculture performs a supporting role in developing world—it supports the urban industrial sector. Are you...
Currently, agriculture performs a supporting role in developing world—it supports the urban industrial sector. Are you satisfied with this role or do you want to advocate a different role for agriculture?
6. What are the benefits of promoting the urban informal sector? What is the role is...
6. What are the benefits of promoting the urban informal sector? What is the role is women in the informal sector?
What was the role and possibility of urban housing in the industrial age? What was the...
What was the role and possibility of urban housing in the industrial age? What was the state’s responsibility to its poorest citizens (if it had any)? How did capital, labor and form interact to meet or fail to meet the needs of citizens for shelter?
Consider a third world economy where agriculture plays a key role. Suppose there is poor harvest...
Consider a third world economy where agriculture plays a key role. Suppose there is poor harvest in a particular year for most crops. What should the central bank do? [Hint: Use the IS curve and the Phillips curve to analyze this problem]
Urban traffic congestion throughout the world has been increasing in recent​ years, especially in developing countries....
Urban traffic congestion throughout the world has been increasing in recent​ years, especially in developing countries. The accompanying table shows the number of minutes that randomly selected drivers spend stuck in traffic in various cities on both weekdays and weekends. Complete parts a through e below. City_A City_B City_C City_D Weekday 90 42 55 54 79 110 78 68 132 62 78 42 72 77 96 48 97 95 122 53 Weekend 79 83 33 34 91 24 85 44...
Urban traffic congestion throughout the world has been increasing in recent​ years, especially in developing countries....
Urban traffic congestion throughout the world has been increasing in recent​ years, especially in developing countries. The accompanying table shows the number of minutes that randomly selected drivers spend stuck in traffic in various cities on both weekdays and weekends. Complete parts a through e below. City_A City_B City_C City_D Weekday 90 42 55 54 79 110 78 68 132 62 78 42 72 77 96 48 97 95 122 53 Weekend 79 83 33 34 91 24 85 44...
Que1. Describe International Economic Institution. Critically evaluate the role of IMF towards world economy and supporting...
Que1. Describe International Economic Institution. Critically evaluate the role of IMF towards world economy and supporting measures taken by IMF to support various economies of the world during difficult times. word 600
You are developing a 100,000 sqft industrial building. The bank is financing 60% of the total...
You are developing a 100,000 sqft industrial building. The bank is financing 60% of the total project cost, interest-only at 4%, while the balance is funded by the MP. The draw schedule is as follows July 2020: 2.0M August 2020 - March 2021: $1.0M/month The total budget is $10.0M Assume the construction interest for a given month is equal to the monthly interest rate times the prior month outstanding balance plus current month draw, for example, October interest = monthly...
Nutrition plays an essential role in supporting fitness and exercise. If you increase your level of...
Nutrition plays an essential role in supporting fitness and exercise. If you increase your level of physical activity, your need for nutrients and calories will also increase. In addition, the foods you eat before and after you exercise will have an impact on your performance during the physical activity and on your recovery afterward. Perform some library research, and in a 2-3 page paper written in APA format using proper spelling/grammar, address the following: Describe the importance of pre- and...
(c) You are currently working for an international energy think-tank specialising in the transport sector. The...
(c) You are currently working for an international energy think-tank specialising in the transport sector. The mayor for Kuala Lumpur has asked for your opinion on which transport infrastructure would be more suitable for his city in the next 10 years: bus rapid transit system or light-rail transit system. Very briefly describe the TWO (2) transport infrastructures. Provide recommendations on which system you think would best fit Kuala Lumpur, with You are free to choose one solution, a combination of...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT