ECONOMICS (CBSE/UGC NET)

ECONOMICS

HUMAN CAPITAL

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
It means a major proportion of the increasing labour force in the agricultural sector needs to find alternate employment opportunities in other nonfarm sectors.
A
Product Development
B
Rural Development
C
Agricultural Diversification
D
Agriculture POLICY
Explanation: 

Detailed explanation-1: -Is this page helpful? Agriculture Diversification refers to either a change in cropping pattern or the farmers opting for other non-farming options like poultry farming, animal husbandry, etc. This practice allows farmers to expand the production, which helps generate a higher level of income.

Detailed explanation-2: -Agricultural diversification occurs when more species, plant varieties or animal breeds are added to a given farm or farming community, and this may include landscape diversification – different crops and cropping systems interspersed in space and time.

Detailed explanation-3: -Agricultural diversification is one of the essential components of economic growth. It is the stage where traditional agriculture is transformed into a dynamic and commercial sector by shifting the traditional agricultural product mix to high standard products, which has a high potential in stimulating production rate.

Detailed explanation-4: -– Vertical diversification: In vertical diversification, various downstream activities are undertaken. Here, the existing economic produce of different crops is refined and manufactured products and additional values to the produce, such as use of fruits for canned juices, syrups, jams, jellies, pickles etc.

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