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A cash crop.

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12y ago

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Crops that are continuously in demand?

Corn


Elasticity of demand and its applications?

WOULD YOU LIKE TO EXPLAIN WHAT IS LARGE CROP YIELDS


How can the farmer profit if crop production is low?

If crop production is low, creating high demand, the buyer comes out ahead because the farmer could have sold for a higher price, had he or she known there would be a smaller supply.


Importance of law of demand?

1.Determination of price The study of law of demand is helpful for a trader to fix the price of a commodity. He knows how much demand will fall by increase in price to a particular level and how much it will rise by decrease in price of the commodity. The schedule of market demand can provide the information about total market demand at different prices. It helps the management in deciding whether how much increase or decrease in the price of commodity is desirable. 2. Importance to Finance Minister The study of this law is of great advantage to the finance minister. If by raising the tax the priceincreases to such an extend than the demand is reduced considerably. And then it is of no use to raise the tax, because revenue will almost remain the same. The tax will be levied at a higher rate only on those goods whose demand is not likely to fall substantially with the increase inprice. 3. Importance to the Farmers Goods or bad crop affects the economic condition of the farmers. If a goods crop fails to increase the demand, the price of the crop will fall heavily. The farmer will have no advantage of the good crop and vice-versa.


How did growing mostly cash crops hurt small farmers?

Prices for in-demand cash crops are set in commodity markets. Therefore, small farmers relying of the crop will suffer low prices if a bumper crop is in excess elsewhere.

Related Questions

What is the staple crop?

crops that are continuously in demand. include wheat ,barley, and oats.


Crops that are continuously in demand?

Corn


What was the cash crop of Jamestown and what did this create a demand for?

The cash crop of Jamestown was tobacco ( I am not sure ) I don't know the 2nd part.


Elasticity of demand and its applications?

WOULD YOU LIKE TO EXPLAIN WHAT IS LARGE CROP YIELDS


What crop created a demand for slave labor in the late 17th century America?

corn


What was the main crop of poor subsistence farmers in the south?

The main crop of poor subsistence farmers in the South was cotton. Cotton was a vital cash crop for these farmers, as it could be sold for profit and was in high demand for textiles.


Why did Southerners feel that King Cotton was the most important crop?

It was their only crop! And it seemed to be in unlimited demand all over the world. It accounted for half the exports of the USA.


What happens when there is an unusually large crop of something and people don't buy as much of the product as they have in previous years?

If the demand is low, the price of the crop will decrease due to surplus supply


What crop led to the use of indentured servants and slaves in the new world?

tobacco in Virginia and also cotton


How did crop rotation increase crop yield?

If we grow a crop continuously in the same field for many years, it results in to various problems such as 1) deficiency of same types of nutrients and 2) build up of diseases and insect-pest. So crop rotation is used as a system of growing a sequence of different crops on the same ground so as to maintain or increase its fertility.


How did crop rotation increased crop production?

If we grow a crop continuously in the same field for many years, it results in to various problems such as 1) deficiency of same types of nutrients and 2) build up of diseases and insect-pest. So crop rotation is used as a system of growing a sequence of different crops on the same ground so as to maintain or increase its fertility.


Was crop rotation increase food production and crop yield?

If we grow a crop continuously in the same field for many years, it results in to various problems such as 1) deficiency of same types of nutrients and 2) build up of diseases and insect-pest. So crop rotation is used as a system of growing a sequence of different crops on the same ground so as to maintain or increase its fertility.