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Thursday, January 24, 2019

Role of agriculture

Agriculture is the dominant activity of poor countries such as Zimbabwe, which enhance our understanding of the dualistic. In the amplification of agribusiness in frugal culture, a leading question is how agriculture contri savees to economic ingathering and in that respect seems to be a paradox in the image of agriculture in economic development. A well- known economist Simon Kuznets wagered an imperative role in coming up with the roles of agriculture to economic development these drag in labour portion, foreign exchange contribution and the grocery store contribution.The sylvan heavens has preserved its position in the contribution to Zimbabwes economic ontogeny as seen by its appreciable contribution to the national Gross domestic help Product. For example, it has been eminent that the countrified orbit has made a convincing contribution to the national fiscus which was disturbed by unreliable rainfall patterns which hit nigh parts of the commonwealth in the la st season. Also, agriculture has maintained rod cell position in terms of its insert to parsimoniousnesss growth, having contributed 33, 9 per cent to the countrys Gross Domestic Product in year 2010.Labour contribution, as one of the major macro-economic objectives of any government to subside unemployment, agriculture plays a trivial role in economic development through the transfer of labour from the uncouth field to opposite domains of the economy, curiously to the industrial sector. In Zimbabwe agricultural sector stipulates income and employment not off the beaten track(predicate) from 60% to 70% of the total population, consequently agriculture is and then an economys beef in Zimbabwe.Simon Kuznets also emphasized that the marginal productiveness of labour is zero or close to zero, which means that when the marginal productivity of labour is zero, we flush toilet use the available labour that is from agricultural sector without affecting other sectors of the econ omy, which then advantage the economy as a whole. Foreign exchange contribution, despite the statistic that Zimbabwe is currently using the multicurrency system, therefore it passive demands foreign currency in-order to import groovy from other countries.The exportation of agricultural merchandises can resource the economy with foreign exchange for purchase of capital thoroughlys. In Zimbabwe most of our export earnings emanate from the agricultural sector with an input of about 40% of our total export earnings. The major contributors to the agricultural sector in Zimbabwes export are cash-crops such as tobacco and cotton, though cotton was not selling for this years harvest. Industrialization contribution, a overlarge and cumulative segment of economic growth during the process of development can be qualified to agricultures contribution to agribusiness.These undertakings of the agricultural sector provision the work, marketing and retailing of foodstuff, clothing, beverages a nd other associated goods for both domestic consumption and exports. According to Davis and Goldberg (1957), thus primary agriculture grows and evolves, reflecting agribusinesses, while agribusinesses grow and evolve reflecting primary agriculture. Also provision of stark materials to industries by the agricultural sector moderates the rate of imports of a country, thus may as a result lead to balance of payment redundant of a country.In addition this diminishes the overall production costs of a blotto as a result fair and affordable prices are charged, thereby increasing the demand for that particular product which will enforce producers to sum up their level of output so as to meet the current demand, and then economic growth. Food contribution, since food is a fundamental wage good in a developing economy, diversification of the economy is therefore possible upon domestic food producers producing a surplus, in excess of their own subsistence, which is large enough to feed a growing number of non-food producers.The agricultural sector factors in with a pivotal role in the supply of sensible material to the food producers of the economy. Market contribution, the agricultural sector, because of its sheer size, must initially be the major market for domestic industrial products. Farmers expenditures on industrial goods that are both consumer goods and producer goods, represent one aspect of agricultures market contribution to general economic development.According to Milton and Luther (1964), as farmers purchases of industrial goods have their counterpart in inter-sectorial gross sales of agricultural goods the agricultural sectors market contribution also includes the sale of food or other farm products to the non-agricultural sector, being accelerated by the adoption of smart agricultural technology. The role of production gene linkages to the process of industrialisation. Production linkages channels the put up of an autonomous increase in final d emand of the product for the apt(p) industry, not only on the output of that industry and the industry supplyingit with inputs, but also on output of other industry supplying the turn industry with inputs. Production linkages can be, backward or forward linkages. In general, production linkages quantify how several industries are connected together. Where poverty is a substantially rural phenomenon, which appears to be the case in most low-income countries, industrialization factors through raw materials to agro- affect industries for example food processing industries and textile.According to Alderman(1984),agro-processing industry can be defined, as a subgroup of the manufacturing sector that processes raw materials and intermediary products derived from the agricultural sector, for example forestry and agricultural crops. The founding of certain primary processing industries can lead to forward linkages, which is the ratio of intermediate output sales to other industries to a p roduction sector of industry to the total foster of sales to a final consumer.Backward linkages, measure the ratio of intermediate input purchases from other industries in that industry to the total value of the total production output. For example the metals and electrical sector provides a solid backward linkage to agricultural, mining and construction sectors, thereby increasing the overall output of a country and as a result this will increase the countrys Gross Domestic Product, consequently economic growth.In conclusion, agriculture is indeed important to economic development and also production linkages to industrialisation play a trivial role. However land reform also plays a crucial role to economic development through promoting equity, employment creation, market surplus and productivity. UNIVERSITY OF ZIMBABWE DEPARTMENT OF LINGUISTICS INFORMATION LITERACY SKILLS NAME FARAI MPOFU REG R117753A COURSE ECON 211 category 2012 QUESTION How would you evaluate internet informa tion sources giving examples.

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