Economics: Applications to Agriculture and AgribusinessPLEASE PROVIDE COURSE INFORMATION This text is designed to improve the learning of economics and how it applies to agriculture. This edition has been thoroughly revised to reflect agricultural economics in today's world. At the same time, it continues to present concise explanations of such timeless topics as micro- and macro-economic theory, market structure, and supply and demand interaction. |
Contents
Introduction | 3 |
Brief History of U S Agriculture | 9 |
Types of Economic Systems 23 2 2 5 5 | 23 |
Copyright | |
29 other sections not shown
Common terms and phrases
acres Agribusiness agricultural products assets average average fixed cost average total cost banks billion borrowing capital cash commodities competition consumers consumption corporation cotton crops debt decisions demand curve Discuss dollar Economic Research Service elasticity enterprises example expenditures exports Farm Credit System farm land farm operators farm products farm supply farmers Federal Reserve Federal Reserve System feed fertilizer Figure firms fixed costs food and fiber important increase individual industry investment isocost isoquants labor livestock loan marginal cost marginal revenue ment monetary nomic nonfarm nonmetro nonrecourse loan payments percent percentage population Production Economics profit programs purchase quantity relatively retail revenue rural areas selling sole proprietorships soybeans sumers taxes tion total cost trade types U.S. agricultural U.S. Department unit of input unit of output urban USDA variable cost