To employers raise in minimum wage saves them a lot on recruiting employees and invest money on their training. Existing workers will be more experienced to increase the efficiency of the business than the new workers. As a result, customers will be more relax about the service. Whereas, to the country the tax will be increased by large amount of money which can help to give free of cost services to workers such as free education, free electricity, free medical, which will again motivate the worker to work hard. The most important thing the GDP of the country will increase and will help the government a lot to pay of the loans as soon as possible before more interest to be
Thus, growth in the agricultural sector will lead to improvements in people's living standards. 12- Expansion of the market scale There is more output in the agricultural sector, due to the mechanization of agriculture. It expands the size of the market. If there is more production, then things can be exported to other countries in the world. Exporting help more foreign exchange in the country.
Not all things are always positive there would still be the opposite effect.This paper talks about the advantages and disadvantages of organic farming. The author hopes that he can help you on deciding either go organic or not. Now that people are into healthier lifestyle and environment, more consumers are changing their eating habits into eating organic crops. Today, the global market for organic produce amounts to billions of dollars, which means it has high demand. It also promotes productivity in the ecosystem and is also said to promote animal welfare and water conservation (Green Garage, 2015).
A lot has changed in South Africa since 1994 at the end of apartheid. Although certain things have changed since then there have been numerous setbacks and the current ruling party, the ANC, has come under a lot of criticism. There have been noticeable changes in bringing forth change and development in the poorer parts of South Africa. With that being said there has been more development in the private sector to further the interests of the capital than there has been to the informal sector. Again this is a form of radical elitism.
Land reform usually refers to redistribution of land from the rich to the poor. It basically includes regulation of ownership, operation, leasing, sales and inheritance of land. The major objective of land reforms was or colonial forms of landownership, often by taking land away from large landowners and redistributing it to landless peasants. Other goals include status of peasants and coordinating agricultural production with industrial programs. After India’s independence, the Government took some serious incentives to practice land reforms.
In Malaysia, the era of agricultural have been develop from years to years in order to get the sustainable, an eco-friendly revolution, expansion of food production and manufacturing sector. The one of the strategies in enhancing the value creation of the agricultural sector is increasing the productivity of plantation crops and integrating livestock. This phenomenon may create a lot of waste products to be produced but they can contribute into desired revenue. If they wise on changing these agriculture waste, economic development may be built which may agree with word “farming can make a big profit”. Agricultural and food industry residues, refuse and wastes constitute a significant proportion of worldwide agricultural productivity (S. Ashworth and Azevedo, 2009).
it is also a kind of transhumance system which means it repuires to migrating between lowlands and uplands as the charge of season and resources. The advantage of highland mixed farming system is increasing the competition from subsidized imports of meat and dairy products which impoverish small local producers as it provide larger farming area for them. Also, it reduces the water erosion by use of terraces as reducing the slope in order to maintain the soil content for farming, therefore it prevents nutrient content flushed by water. For the
The products from the farm should be more pricy since they are the one who plant and harvest. Lastly, promoting the agribusiness would help the Philippines’ agriculture in exporting, so that Filipinos will be more familiarized in handling farms.. In applying capitalism, Amadeo (2017) stated that capitalism is an economic system where private entities own the factors of production. The factors are entrepreneurship, capital, goods, natural resources and labor. Philippine has lot of farmers but does not have a land to harvest.
Abstract The Green revolution introduced by the Government of India in the late 1960’s was an attempt to eradicate the problem of food scarcity in the country and to make the people of the country self sufficient and self reliant. New high yield varieties of seeds, fertilizers, pesticides and farm processes were introduced in farm production to improve the condition of agriculture in the country which could optimise the agricultural output and help in the eradication of problems of hunger and poverty from the country. The paper attempts to assess the socio-economic consequences of green revolution on different sections of the society. The researcher has made an attempt to identify, whether the introduction of Green revolution led to the socio-economic