GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Agriculture
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Industry
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Farming
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Service
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Detailed explanation-1: -Agriculture in the Philippines is an important sector in the economy with crops like bananas, coconuts, pineapples, rice and sugarcanes are being mass-produced for exportation but the challenge remains as it steadily running into deficit amid growing population.
Detailed explanation-2: -The 10 largest sources of cash receipts from the sale of U.S.-produced farm commodities in calendar year 2021 were (in descending order): cattle/calves, corn, soybeans, dairy products/milk, broilers, hogs, miscellaneous crops, wheat, chicken eggs, and hay.
Detailed explanation-3: -The country’s major agricultural crops are rice, corn, coconut, sugarcane, banana, cassava, pineapple, and vegetables. The major livestock products are hog, cattle, carabao, goat, and dairy products.