Agsci lesson 1.2

An economic and political system in which a country’s trade and industry are controlled by private individuals as owners rather than by the state or government.

inventor of Capitalism famous for his book “The Wealth of Nation”

father of modern economics

Scottish economist, philosopher and author

production and distribution of goods, and services in the society is towards profit.

Capitalism six core values

an economic system where in the economic decisions and the pricing of goods and services are guided by the interaction of the country's individual citizens and business

a capital society is a

Distribution of goods or resources is done by the state

The State makes sure that each class in the society gets access to resources.

An economy that does not support capitalism

Agriculutre in a capitalist society

Agriculture is the primary source of food.

It satisfies basic human needs and drives consumer demand.

Agricultural products are important commodities in a capitalist economy subject to forces of supply and demand.

Selling and buying agricultural products generate revenue, stimulate economic growth, and drive trading and commerce.

Agriculture is a labor-intensive sector and thus provides employment opportunities.

Due to globalization, agriculture is integrated into global trading, supply chains, and international commerce.

In a capitalist society, agriculture is the catalyst for technological innovation and scientific advancement.

Agriculutre in a non-capitalist society

Aboitiz group

McDonald's and Emperador Light

Robinsons

Jollibee, Chowking, Mang Inasal

SM

Philippine Airlines

A non-capitalist agricultural system serves as a form of resistance to capitalist exploitation and external pressures.

Agriculture in non-capitalist societies is often characterized by sustainable practices.

In non-capitalist societies, agricultural production is engaged in local, informal, or barter-based economies with no formal market systems.

In non-capitalist societies, agriculture often reflects cultural traditions, customs, and indigenous knowledge systems

In non-capitalist societies, agricultural land and resources are owned and managed collectively by communities or extended families rather than by private individual landowners.

In many non-capitalist societies, agriculture is primarily oriented towards subsistence

develop cropping systems in which production packages comprised of crop or pasture communities set management practices of farming systems relative to a particular farm.

develop effective soil and nutrient management strategies to improve crop yield and maintain a healthy soil environment.

develop effective soil and sustainable methods of managing pests and diseases of crops.

development communicators develop effective methods to disseminate new agricultural knowledge and technologies to the farmers.

develop machinery and equipment to facilitate production fertilizing, operations, which include equipment for land preparation, seeding, cultivating equipment, irrigating harvesting.

has increased agriculture tremendously global agricultural productivity, it’s a diverse industry making it an excellent employment avenue

is the world’s oldest and one of the most important professions in the world. According to the Food and Agriculture Organization (FAO) OF United Nations, more than 60% of the world’s population depends on agriculture for survival.