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Define about the Food Production?
We know that agriculture comprises the major source of food production. This is very true in a country like ours where the majority of the population lives in the rural area and fuming is the primary mode of subsistence. Improvements in the agricultural sector will hence result in overall improvements of the rural economy. This improvement provides employment opportunities for a large population, The extent of food production is influenced by various factors. The factors nay operate from the individual level (e.g. procurement of land, availability of manpower, management of manpower, purchase of equipment etc.) to the policy level (food pricing, subsidies, imports and exports. etc).
Environmental factor also play an important role. An understanding of the interaction of these factors is essential for the economist, to decide on the allocation of resources. If you go back to Figure, you would note that it shows interaction between various factors. It shows that inputs like land, manpower, equipment and fertilizers and demand for food determine the food supply /production. The data on food production is analyzed to develop policy by the affects the food availability and accessibility by consumers Government. Food production also determines the prices of food in the market, which affects the food availability and accessibility by consumers.
What is law or theory of demand state? The law or theory of demand states as consumers we derive satisfaction or ‘utility’ like a result of consuming a good or a service. It va
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