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Agricultural Economics

Agricultural Economics
Agricultural economics involves the application of economics
to agriculture
▪ Agricultural economics is an applied social science that deals
with how
▪ producers, consumers, and societies use scarce and natural
resources in the
▪ production, processing, marketing, and consumption of
food and fiber products
▪ Application of economics to agriculture in a complex market
▪ Can summarize this activity by discussing the activities of
agricultural economists at the microeconomic level and at the
macroeconomic level