Farm businesses, described in Chapter 9, exist to bring together factors of production (Chapters 6–8) to generate a supply of agricultural products. Here we examine what determines the level of that supply in the short run, and in the next chapter turn to the technical advances which in the longer term contribute to farming’s history of rising output. There is little in this section which will be new to readers familiar with elementary production economics, but for others a presentation of the determinants of supply will be necessary as a complement for the equivalent treatment of demand in Chapter 2.
Weitere Kapitel dieses Buchs durch Wischen aufrufen
- The Supply of Agricultural Products
- Macmillan Education UK
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