U25292:ECONOMICS ASSIGNMENT SAMPLE 2023
Introduction
The agricultural goods are the general or common products of daily life’s survival. Agricultural goods include the products which could be widely teamed up as foods, fuels, raw materials (which involve rubber) and fibers. The class of food includes cereals (which shows grains), the vegetables, oils, milk, fruits, eggs, fungi and meat.
There are so many top agricultural goods in the market which includes corn which is the most common broadly grown feeding grain in the USA and the maximum level is moving towards the feed livestock. This may include cotton, fruit, tree nuts, oil crops and soybean, rice, sweeteners and sugar, vegetables and many more. All these agricultural goods are grown or developed at farms.
Discussion
Understanding of key issue
The huge range of wide areas of the world includes world agriculture, and the farming structure as a competitive market. By 1000 different sellers sell the resembling products. And it is generally not hard for the farmers to leave the market area for any other crop. The competitiveness of agriculture is related to benefits in the market.
The government must take notice of the environment which provides facilities of innovation & earnings of productivity by the enterprises of farms and permits the forces of market to allow the land, management skills and water to the highest value level of the farmers. Agricultural goods may include cotton, fruit, tree nuts, oil crops and soybean, rice, sweeteners and sugar, vegetables and many more.
All these agricultural goods are grown or developed at farms (Awe et al. 2018). The farm products reflect the livestock, crops, utilizing supplies or can grown in the operations of farming and the goods of livestock and crops. The marketing of agriculture is a category of marketing, which reflects the growth & production, the interchange of the agricultural products and the efficient distribution.
Maximum number of agricultural goods in India is sold out b y the farmers who are in the private sector and give it to the moneylenders and by whom the farmers get indebted or to the traders of the village (Rodrigues et al. 2021). By focusing on the competition of the United Kingdom, the agricultural goods market had the total range of 12 dollar bn in 2020, and presenting a “compound annual growth rate or CAGR” of 3.8 percent in between the years of 2016 and 2020.
The agricultural inputs in the market of the United Kingdom provide the retailing and non likely processing of food. “There has been considerably less emphasis in public debate on the documented increase in global seller concentration of the sector supplying inputs to agriculture, especially in crop seeds and agrochemicals”. Maximum level of markets of agriculture is exactly competitive.
Which means perfectly resembled or homogeneous items are developed through & for few buyers & sellers, and they are nicely aware of the costs? The agricultural market is explained through the free exit & free entry by the producers to the price takers obligations (Rodrigues et al. 2020).
Figure 1: Agricultural marketing
(Source: https://www.mdpi.com)
Evidence of reading and/or choice of appropriate concepts
The exact concept of agricultural goods reflects the evidence related to the competitive markets. The evidence reflects the amount of investments done by the farmers which further provide a large amount of profit to the government (Czyżewski et al. 2019). Agricultural goods include the products which could be widely teamed up as foods, fuels, raw materials like rubber. and fibers.
The class of food includes cereals like grains, the vegetables, oils, milk, fruits, eggs, fungi and meat. There are so many top agricultural goods in the market which includes corn which is the most common broadly grown feeding grain in the USA and the maximum level is moving towards the feed livestock.
This may include cotton, fruit, tree nuts, oil crops and soybean, rice, sweeteners and sugar, vegetables and many more. All these agricultural goods are grown or developed at farms (Dewberry, 2020). The farm products reflect the livestock, crops, utilizing supplies or can grown in the operations of farming and the goods of livestock and crops. The marketing of agriculture is a category of marketing, which reflects the growth & production, the interchange of the agricultural products and the efficient distribution.
Analysis
The competitive market of agriculture deals with the analysis of the market shares which include according to 2022 it involve approx 23.14 billion dollars as U.S dollar. To maintain the level of market share of agriculture this may involve the implications and pretentiousness of competing in such a market. “The agricultural market made up 0.5 percent of the country’s gross domestic product in 2020”, & the agricultural industry was the support of 1.4 percent of all the jobs of Britain.
But nowadays Britain changes the climatic conditions which have been exchanged by the local growing products (May and McCorriston, 2018). By taking an example, maximum places became able to produce maize.
The implications and pretentiousness shows the effect of agricultural marketing which creates economically broad grains in wages and outputs, this increases the agricultural growth costs, and decreases the food costs of consumers and raises personal consumption, especially through less income households. To maintain further market strategy, it needs to maintain the proper growth of agricultural products and selling strategies.
Conclusion
In the above topic, the concept discussed agricultural market competition and the implications and pretensions for further future competition. Agricultural goods include the products which could be widely teamed up as foods, fuels, raw materials like rubber. and fibers. The class of food includes cereals like grains, the vegetables, oils, milk, fruits, eggs, fungi and meat.
There are so many top agricultural goods in the market which includes corn which is the most common broadly grown feeding grain in the USA and the maximum level is moving towards the feed livestock. The farm products reflect the livestock, crops, utilizing supplies or can grown in the operations of farming and the goods of livestock and crops.
The marketing of agriculture is a category of marketing, which reflects the growth & production, the interchange of the agricultural products and the efficient distribution. The farm products reflect the livestock, crops, utilizing supplies or can grown in the operations of farming and the goods of livestock and crops & also involving the products of farms like the term explained as the UCC and food security act.
Reference List
Journals
Awe, O.O., Akinlana, D.M., Yaya, O.S. and Aromolaran, O., 2018. Time series analysis of the behaviour of import and export of agricultural and non-agricultural goods in West Africa: A case study of Nigeria. AGRIS on-line Papers in Economics and Informatics, 10(665-2018-3621), pp.15-22.
Rodrigues, C.C.F., Fagundes, L.C.P. and de Souza, B.G., 2021. Logistic Quality and Its Effects on Agricultural Goods Exports.
Rodrigues, C.C.F., Fagundes, L.C.P. and de Souza, B.G., 2020. Logistic Quality and Its Effects on Agricultural Goods Exports.
Czyżewski, B., Matuszczak, A. and Miśkiewicz, R., 2019. Public goods versus the farm price-cost squeeze: shaping the sustainability of the EU’s common agricultural policy. Technological and Economic Development of Economy, 25(1), pp.82-102.
Dewberry, A.J., 2020. Trade Logistics Quality and the Intra-African Trade of Agricultural Goods: A Gravity Model Approach.
May, D. and McCorriston, S., 2018. The role of Centrality in Preventing Free Trade of Processed Agricultural Goods under Imperfect Competition.
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