Dependence on agricultural production, Microeconomics

Dependence on agricultural production:

Dependence on agricultural production and primary product for exports. The external sector comprises Imports and Exports, Ghana shows dependence on a single crop, Cocoa, for export. In Ghana, the major exports including cocoa account for about 60 per cent of the total foreign exchange earnings of the country. Minerals in general earn on the average about 15 per cent of our total foreign exchange earnings. Normally, primary products in LDCs account for between 80-90% of export earnings but in the developed countries it is about 35 per cent. In Ghana, the primary sector accounts for on the average, about 80 per cent of our foreign exchange earnings implying that Ghana is more of a developing country than a developed country.

Posted Date: 1/3/2013 1:04:23 AM | Location : United States

Related Discussions:- Dependence on agricultural production, Assignment Help, Ask Question on Dependence on agricultural production, Get Answer, Expert's Help, Dependence on agricultural production Discussions

Write discussion on Dependence on agricultural production
Your posts are moderated
Related Questions
The demand for one of Parsons products has increased over the last few years and, despite the extensive use of overtime and weekend working, the company has been forced to sub-cont

Regardless of the market structure, oligopolist and the monopolist maximize their TR when MR=0. Do you agree?

An economics branch which keep concentrate on illumination the economic decisions people make in practice, particularly when these conflict with what conventional economic theory p

The role of trade union to improve the lot of the workers is also important when there prevails the conditions of Monopsonisitc discrimination is said to prevail when the monopsoni

Rationale for government intervention There are six major functions the government can perform in an economy. 1. The government provides a legal and social framework within which

Problem : (a) Describe the law of demand and the factors affecting demand. (b) llustrate and  Explain how demand of a commodity will change if there is a tax on that product

why is international trade important for south africa

Determine the Profit-Maximizing Price If a firm targets a 25 % rate of return on sales, and has unit costs of production of $100, what price should it charge if it uses cost-p

Raise or Lower Tuition? Suppose that, in an attempt to raise more revenue, Nobody State University increases its tuition. Assess a raise in tuition and if it will necessarily res

Market failures (even when they do not have international external effects) i) Self-fulfilling bank runs, government debt runs, currency crises. ii) Liquidation costs of li