SSC
WORLD GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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-Depends on supply and demand-Common in developed countries-Farmers raise goods that give the most profitThese factors describe what type of agriculture?
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Cottage agriculture
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Market agriculture (agribusiness)
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Subsistence agriculture
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Slash and burn agriculture
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Explanation:
Detailed explanation-1: -A consumers’ willingness and ability to buy a product (demand) and the sellers’ willingness and ability to produce and sell the product (supply) determine the market price of agricultural commodities. The demand for agricultural products is influenced by many factors, including consumer tastes and preferences.
Detailed explanation-2: -With reference to food supplies as a whole, it is very evident that demand is relatively inelastic. Food up to a certain rather rigid limit is wanted imperiously and then any further supply for present consumption would be even objectionable.
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