Question

In: Economics

Write 1-2 paragraphs that summarize the history of world supply and demand for food and the...

Write 1-2 paragraphs that summarize the history of world supply and demand for food and the prospects moving forward to 2050.

Solutions

Expert Solution

According to World Bank figures the composition of the food basket is increasingly shifting away from cereals to high. Value agricultural commodities like fish egg milk and meat. As incomes continue to rise this trend will continue and the the indirect demand for food from today weather feed will grow rapidly in countries. Green revolution was followed by the white revolution which was initiated by operation flood during the 1970 and 1980s. World supply and demand for food is important for Nations because for boosting the agricultural sector,for economic growth and job creation leading to poverty reduction, for having a control on food prices, for trade opportunities, for improved health and healthcare, for increase global security and stability. Secure supply food and demand is necessary.

World supply and demand for food and prospect moving forward to 2050 is the combination of food availability, food access and food utilisation. Food availability must be available in sufficient quantities and on a consistent basis.food access means people must be able to regularly acquire adequate quantities of food through purchase, Home production, bater ,gifts, borrowing or food aid. Where as food utilisation consumed food must have a positive nutritional impact on people.


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