AGRICULTURAL ECONOMY,

SCOPE AND
AGRICULTURAL
ECONOMICS,
IMPORTANCE OF
AGRICULTURE IN
ECONOMY.
AGRICULTURAL ECONOMICS
 Study of the allocation, distribution, and
utilization of the resource used along with the
commodities produced by farming. Agricultural
economics plays the role in the economic
development, for a continuous level of farm
surplus is one of the well springs of technological
and commercial growth.
SCOPE OF AGRICULTURAL
ECONOMICS
 The scope of agricultural economics is lager than
‘mere economizing of resource’. Agricultural is, as
we know an important sector of the overall
economy. The mutual dependence of the various
sectors of the economy on each other is well
established. Growth of one sector is necessary for
the growth of one sector.
 The foregoing definitions indicate the scope of
agricultural economics. A common theme of
scarcity of resources and choice of uses runs
almost through all of these definitions. That way,
agricultural economics is not different from the
general coomics.
IMPORTANCE OF AGRICULTURAL
ECONOMICS
 Agricultural plays a crucial role in the life of an
economy. It is the backbone of our economic
system. Agriculture not only provides food and
raw materials but also employment opportunities
to very large proportion of population.
 Most countries have an economy that is
dependent on agriculture- either in a small or big
way. From employment generation to
contribution to National Income, agriculture is
important.
THANK YOU 

REPORTED BY:

CRISTINE S. BORGONIA