Arguments for emphasis on agriculture development in LDCs
- It is the source of employment for LDCs for unskilled and semiskilled workers.
- It is the source of food
- It the source of raw materials for industries
- It is the source of foreign exchange earner from exports
- Developed agricultural sector reduces rural urban migration
- It is a source of market for industrial goods such as hoes, pangas, fertilizers and pesticides.
- It encourages investment in agro-industries
- Encourages development of infrastructures such as roads, schools, etc.
- It leads to increased incomes in domestic economy and improvement in standards of living.
- It is a source of technological advancement through research and capital goods.
- It is a source of government revenue through taxation
CATEGORIES Economics
TAGS Dr. Bbosa Science
