Podcast
Questions and Answers
What is the primary characteristic of a dual agricultural economy?
What is the primary characteristic of a dual agricultural economy?
- There are two sectors with identical levels of technology.
- It consists of two agricultural sectors with differing levels of technology and demand. (correct)
- It focuses solely on cash crops to the exclusion of all other farming practices.
- It includes both subsistence and commercial farming under one system.
Which of the following best defines agribusiness?
Which of the following best defines agribusiness?
- A large-scale system that includes production, processing, and distribution of agricultural products. (correct)
- A system focused on local farming techniques and small-scale production.
- A collective of cooperatives promoting fair trade among farmers.
- An initiative aimed at providing subsidies directly to small farmers.
What does vertical integration in agriculture refer to?
What does vertical integration in agriculture refer to?
- A farming method that relies heavily on non-organic fertilizers.
- The use of multiple farming techniques to enhance crop yield.
- A company's control over more than one stage of the agricultural production process. (correct)
- Collaboration among multiple farms to produce a single crop.
Which of the following best describes farm subsidies?
Which of the following best describes farm subsidies?
What characterizes cash crops in agriculture?
What characterizes cash crops in agriculture?
Flashcards
Infrastructure
Infrastructure
The fundamental physical structures and organizational systems necessary for a society or business to function.
Dual Agricultural Economy
Dual Agricultural Economy
Two distinct agricultural sectors within the same country or area, with contrasting levels of technology and market integration.
Agribusiness
Agribusiness
Large-scale systems encompassing production, processing, and distribution of agricultural goods and equipment.
Cash Crops
Cash Crops
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Subsistence Agriculture
Subsistence Agriculture
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Study Notes
Agricultural Production and Organization
- Agricultural production is a complex process involving basic physical and organizational structures, including facilities.
- A dual agricultural economy exists where different agricultural sectors operate within the same country or region, differing in technology and demand levels.
- Agribusiness includes production, processing, and distribution of agricultural products and equipment.
- Hybrid agricultural practices breed plants for desirable characteristics and improved disease resistance.
- Vertical integration involves a company controlling multiple stages of the production process.
- Commodity chains link places of production to consumers through a complex network.
- Government subsidies support farmers through low-cost loans, insurance, and payments.
- Tariffs are taxes levied on imports and exports.
- Global supply chains are similar to commodity chains, but on a global scale.
- Cash crops are grown for commercial value.
- Fair trade seeks to address unfair wage practices and ensure fair compensation for farmers.
- Most subsistence agriculture occurs in rural areas of Africa, Asia, and Latin America. These farmers often face limited market connections and lack financial resources.
- Commercial farming is prevalent in core and semi-peripheral countries which have access to modern equipment, technology, land and global markets.
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