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Why is subsistence farming less efficient than commercial farming? | Agriculture homework help

In your own words, explain the farmer’s optimal solution in the free market using marginal cost analysis. How might this solution be suboptimal from society’s perspective? Explain who benefits and is harmed under the free market solution. Explain who benefits and is harmed under the government subsidy solution? Using economic analysis and the guiding principles of sustainability, justify which solution is best.

What organization looks after the credit needs of agriculture and rural development in India

Define the term “agricultural economics” and what it generally entails.


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