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Questions and Answers
Which of the following is true about the role of agriculture in economic development?
Which of the following is true about the role of agriculture in economic development?
Which countries' economic history demonstrates that agricultural development preceded industrial development?
Which countries' economic history demonstrates that agricultural development preceded industrial development?
What is regarded as a pre-requisite for economic development?
What is regarded as a pre-requisite for economic development?
What is the role of agriculture in the economic development of a growing economy?
What is the role of agriculture in the economic development of a growing economy?
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What is the relationship between agriculture and industrialization?
What is the relationship between agriculture and industrialization?
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Study Notes
Role of Agriculture in Economic Development
- Agriculture plays a crucial role in economic development, providing food security, generating employment, and contributing to national income.
- Developed economies transitioned from agrarian societies to industrialized ones, with agriculture's role evolving to meet changing demands.
Countries with Preceding Agricultural Development
- Many East Asian countries successfully industrialized after achieving significant agricultural development, demonstrating the potential for this approach.
Prerequisites for Economic Development
- Agricultural development is often considered a pre-requisite for successful industrialization.
- This is because a strong agricultural sector provides food security, frees up labor for industries, and generates surplus for investment.
Role of Agriculture in Growing Economies
- In developing countries, agriculture remains critical for employment, income generation, and poverty reduction.
- As economies grow, the role of agriculture shifts.
- It becomes a source of raw materials for industries, creates demand for agricultural products and services, and contributes to overall economic diversification.
Agriculture & Industrialization Relationship
- A strong relationship exists between agriculture and industrialization, with each sector influencing the other.
- Agriculture provides raw materials and food for industrial workers, contributing to their productivity.
- Industrialization creates demand for agricultural products and technologies, promoting technological advancements in agriculture.
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Description
Quiz: Role of Agriculture in Economic Development Test your knowledge on the role of agriculture in a growing economy with this quiz. Explore the importance of agricultural progress for economic development and learn about the various factors that contribute to this relationship.
