Less developed countries economies grow by primary sector, Business Economics

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Can less developed countries economies grow by developing its primary sector as agriculture?

Less developed countries economies can grow by developing its primary sector as agriculture because:

• The majority of the world poor is rural poor. Thus agricultural reform can do most to enhance the standard of living of rural poor.

• Neglect of agriculture through less developed countries can check progress since food has to be imported

• Agricultural transformation can be less disruptive, increase productivity and exploit comparative benefit.

• Several agricultural products like quality wines consist of a high YED and PED.


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