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What is market surplus?
total production - self consumption = market surplus
What is agricultural surplus?
It means an area, community or country has produced more of a certain type of crop than the area, community or country needs to feed its self. The excess (the surplus) can therefore be sored (to cope with a bad season) or sold to other countries.
What is an example of the situation in which a surplus of a Product led to decreased prices?
An example of a surplus leading to decreased prices can be seen in the agricultural market, particularly with crops like corn. When farmers produce more corn than the market demands, the excess supply can lead to lower prices as sellers try to offload their surplus to avoid spoilage and losses. This price drop can further incentivize overproduction in subsequent seasons, creating a cycle of surplus and declining prices.
What was the result of new farming techniques developed in the agricultural revolution englands economy experienced?
The new farming techniques developed during the Agricultural Revolution significantly boosted England's agricultural productivity, leading to surplus food production. This surplus allowed for a reduction in the number of laborers needed in agriculture, prompting a shift towards industrialization. As a result, the economy diversified, with more people moving to urban areas for work in emerging industries, ultimately fueling economic growth and the rise of a capitalist economy. Additionally, improved agricultural efficiency contributed to population growth, further stimulating demand for goods and services.
Why do you think agricultural achievements of irrigation and fast growing crops led to increased trade?
Agricultural achievements like irrigation and fast-growing crops significantly boosted food production, leading to surplus yields. This surplus allowed communities to engage in trade, exchanging excess food for other goods and resources. Additionally, improved agricultural efficiency facilitated the establishment of stable populations and urban centers, further promoting trade networks as people sought diverse products and services. Overall, enhanced agricultural output created a foundation for increased economic interaction and commerce.
Which was an affect of the agricultural revolution?
A Food Surplus.
What does a society need to do before it develop?
an agricultural surplus
A necessary precondition for a neolithic village to become a civilization in prehistory was the?
development of agriculture and the ability to produce surplus food.
What is a result of Britain's agricultural revolution?
Surplus food caused a population boom.
What changed occurred as a result of Britain's agricultural revolution?
There was a surplus of available food.
What is the purpose of the Agricultural Marketing Act?
The Government Purchased Surplus Crops From Farmers
What change occurred as result of Britain's agricultural revolution?
There was a surplus of available food.
What change occurred as a result of Britain's as agricultural Revolution?
There was a surplus of available food.
What changed occured as a result of Britain's agricultural revolution?
There was a surplus of available food.
Why was the ability to produce an agricultural surplus so important to the development of civilization?
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What has the author Worthley Dodd McCourtie written?
Worthley Dodd McCourtie has written: 'The potential role of foreign agricultural surplus in the economic development of Jamaica' -- subject(s): Surplus agricultural commodities, Economic assistance in Jamaica, Economic conditions
What role did surplus food play in the Neolithic agricultural revolution?
Surplus food in the Neolithic agricultural revolution enabled population growth by providing a reliable food supply. It allowed for specialization of labor, leading to the development of complex societies and advancement of technologies. Surplus food also led to trade and the establishment of social hierarchies.
