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What are the importance of national income in the economy?
The importance of national income in the economy is absolutely huge. This determines whether or not there is money that can be spent.
What is the importance of the hospitality industry to the national economy?
The hospitality industry, in the United States, accounts for 18 percent of the national economy. This amounts to almost $2 trillion.
What are the important of agriculture to national economy?
Agriculture is important in the economy because it is the sector that produces food. Food is our basic need. Take Asians who eat rice, they are going to continue eating rice no matter how expensive it becomes. They're not going to stop consuming rice because its price is increasing. Our economic decisions are mostly unaffected when it comes to basic needs (food) that stems from agriculture hence its importance.
What is importance of calculating national income in an economy?
it is very important to calculate national income so as to see whether the country in terms of its economy is progressing and to also see that the calculation of national income is carried out efficiently and precisely
What is the relevance of agriculture to the economy?
Agriculture is much less relevant to the US economy than it used to be, largely because of the government programs which keep the value of the commodities artificially low. By most estimates, agriculture represents less than 4% of the total national Gross Domestic Product.
What is the importance of plantation agriculture in kerala?
they contribute to national economy by way of export exchange
What are the importance of national income in the economy?
The importance of national income in the economy is absolutely huge. This determines whether or not there is money that can be spent.
How agriculture can improve national econoy?
agriculture can improve national economy by forcasting on how the economic development of that nation is,
What is the importance of the hospitality industry to the national economy?
The hospitality industry, in the United States, accounts for 18 percent of the national economy. This amounts to almost $2 trillion.
What impact has agriculture had on the national economy?
This question needs more information. It needs to specify which country.
What are the importance of agriculture to mathematics?
Mathematicians have to eat like everybody else, so agriculture is important to them. Agriculture affects the economy and the economy affects the amount of funding available for mathematical research. Mathematics as a science does not make direct use of agriculture, As for the reverse, the importance of mathematics to agriculture, mathematical statistics is useful in evaluating the results of agricultural experiments such as measuring the change in yield produced by certain fertilizers and evaluating the quality of new hybrid plant varieties.
What are the important of agriculture to national economy?
Agriculture is important in the economy because it is the sector that produces food. Food is our basic need. Take Asians who eat rice, they are going to continue eating rice no matter how expensive it becomes. They're not going to stop consuming rice because its price is increasing. Our economic decisions are mostly unaffected when it comes to basic needs (food) that stems from agriculture hence its importance.
What is importance of calculating national income in an economy?
it is very important to calculate national income so as to see whether the country in terms of its economy is progressing and to also see that the calculation of national income is carried out efficiently and precisely
What is the relevance of agriculture to the economy?
Agriculture is much less relevant to the US economy than it used to be, largely because of the government programs which keep the value of the commodities artificially low. By most estimates, agriculture represents less than 4% of the total national Gross Domestic Product.
Was the economy of the Middle Colonies characterized by plantation agriculture?
The economy of the Middle Colonies was not characterized by plantation agriculture. The Southern Colonies had an economy based on plantation agriculture.
In what countries of southern Europe has agriculture declined in importance?
Portugal & Greece. Italy has gone from a mainly-agricultural country, to a leading industrial economy.
What is the importance of national income figures?
National income figures helps governmental institutions understand the state of the economy. If the national average for income has increased, then businesses are growing.
