Ten Importance of Agriculture in Global Market
Introduction
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| Ten Importance of Agriculture in Global Market |
Agriculture is the main source of food and raw materials. It provides employment opportunities to a large number of people. Agriculture is the main source of foreign exchange. It helps in the balanced growth of industrial sector. Balanced development of agriculture helps in economic development of a country. It promotes balanced regional development. Agriculture promotes balanced distribution of population in rural areas.
Agriculture is the main source of food and raw materials.
Agriculture is the main source of food and raw materials.
Agriculture is the main source of employment, foreign exchange, and raw materials. Agriculture accounts for one-third of world’s population (1.3 billion people), 18 percent of total land area (3 billion hectares) and 30 percent of global species diversity.
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| Ten Importance of Agriculture in Global Market |
Agriculture contributes $2 trillion to global gross domestic product (GDP) annually—more than any other sector including manufacturing or services—and employs almost half a billion people globally at an average wage rate per worker of $5/day
It provides employment opportunities to a large number of people.
Agriculture is the main source of employment and foreign exchange, food and raw materials in many developing and developed countries. The total agricultural GDP reached $1.6 trillion in 2013, accounting for 37% of world GDP.
Global demand for agricultural products is increasing due to population growth, urbanization and industrialization as well as climate change (IPCC).
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| Ten Importance of Agriculture in Global Market |
Agriculture is the main source of foreign exchange.
Agriculture is the main source of foreign exchange.
There are many reasons why agriculture plays such a vital role in the world economy, but one of its most important functions is to generate foreign currency through exports. For example, a country may want to purchase something from another country but doesn't have enough money to pay for it with their own currency. In this case, they can use agricultural products as payment instead of using cash or other commodities that would be more expensive than foodstuffs such as grains and meats (which are also exported).
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| Ten Importance of Agriculture in Global Market |
It helps in the balanced growth of industrial sector.
Agriculture is the main source of raw materials and food. In addition, it plays a key role in balancing the industrial sector with its production and distribution. Agriculture also helps to develop secondary industries such as mining and manufacturing industries.
Balanced development of agriculture helps in economic development of a country
Agriculture is the mainstay of the economy, providing employment opportunities to a large number of people. It also provides raw materials and food to meet domestic demand as well as export earnings to foreign countries. Agriculture contributes about 25% to GDP in developing countries, which makes it an important source for economic development.
Agriculture also helps in balanced development because it creates value chains between rural areas and urban centers; therefore, it can be considered as one of the factors contributing towards economic growth and prosperity within a country’s boundaries.
It promotes balanced regional development.
Agriculture is a major sector in many countries and contributes significantly to the economy. It provides employment for millions of people and helps to boost regional development.
Agriculture is also an important source of income for farmers, who are often from rural areas. Rural areas are therefore the main source of food and raw materials, foreign exchange earnings and employment opportunities for many people living there.
It promotes balanced distribution of population in rural areas.
It promotes balanced distribution of population in rural areas.
It increases the number of people who are employed and able to earn a living. This can help reduce poverty, which is a major problem in many countries around the world today.
Agriculture helps to promote healthy and happy life among people.
Agriculture helps to promote healthy and happy life among people. It is the main source of food and raw materials, as well as an essential component of our economy. Agriculture has become a major service industry in developing countries like India, China etc., which provides employment opportunities to a large number of people around the world.
Agriculture helps in balanced growth of industrial sector by providing necessary raw materials like cereals, oils seeds etc., which contributes significantly towards economic development in most countries around the world including India where agriculture accounts for about 20% GDP share (government expenditure).
Agriculture also promotes regional development by creating jobs related directly or indirectly with agricultural production such as land titling system where farmers get ownership rights over their lands after paying certain amount of money which then helps them invest more funds into improving their productivity levels so that they can grow bigger farms faster than before
Agriculture is an essential factor for high standard of living and stability.
Agriculture is an essential factor for high standard of living and stability. Agriculture has been considered as the foundational pillar of any country’s economy. It provides food security, employment opportunities and contributes significantly to economic development and growth through its contribution to export earnings.
Agriculture also provides a unique opportunity for farmers to diversify their activities into other sectors such as manufacturing or services thereby increasing overall income generation potential (Gonzalez-Alonso 2007). The high yield potential of crops makes them attractive investments for development banks across continents (World Bank 2012).
Developed agriculture leads to an increased volume of crop production, which promotes exports, industrial manufacture and progress of countries.
Agriculture is the main source of food, raw materials and employment opportunities. It also helps in balanced growth of industrial sector. Balanced development of agriculture helps in economic development of a country.
Agriculture is an important sector for developing countries because it provides employment opportunities to a large number of people who are dependent on agriculture for their livelihoods and incomes.
Agriculture is important for economic prosperity and security
Agriculture is important for economic prosperity and security.
Agriculture provides employment opportunities to a large number of people. It is the main source of food and raw materials, which plays an important role in balanced growth of industrial sector and development of agriculture. Balanced development of agriculture helps in economic development of a country
Conclusion
Agriculture is important for economic prosperity and security of the world. It provides employment opportunities to a large number of people, promotes balanced regional development, balanced distribution of population in rural areas and helps promote healthy and happy life among people. Agriculture supports political stability as well.