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What was industry vs farming?

Updated: 10/10/2023
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10y ago

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The relationship between agriculture and industry is very important in any economic development. The whole process of development can be understood in the context of the relationship between agriculture and industry and its evolution. This is because first, agriculture and industry are usually the biggest and primary material production sectors in the economy, they provide physical goods for a society's survival and the foundation for any further development. Second, it becomes more and more clear that one sector cannot develop properly without the other. The purpose of this paper is to explore the agriculture industry relationship from the point of view of the intersectoral terms of trade, which is considered as the most important factor in agriculture industry relationship because the connection between the two sectors is mainly through product exchanges.

The rise in the demand for food and in agricultural prices has stimulated the development of agriculture, its capacity to increase its purchases from industry and its deliveries of products to the market. Increased consumption of producer goods has been sustained by increased agricultural prices and state subsidies for the purchase of equipment more than by advances in agricultural productivity: the growth in agricultural production has been obtained by extending crops rather than by increased yields.

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9y ago
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13y ago

Industry and farming are connected because Francis Cabot Lowell was someone in the olden days who had a clothing factory and in that factory he hired young unmarried women who were immigrated from farms.

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10y ago

Balls

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