Agricultural economics

developed in the wake of the economic and social disorder that was, at least partially, due to the effects of mercantilist policies (Huh, 2016). Physiocratic thinkers such as John Law, Richard Cantillion, and perhaps most notably, Francois Quesnay made lasting impressions on economic thought and were instrumental in establishing the idea of the free market. Unlike the mercantilists, the physiocrats largely believed that the wealth of a nation relied on agricultural output and not the…

1. Innovations in markets, transportations and technology impacted the United States in different economic and regional ways. To begin with, innovation in transportation in the United States had huge economic impacts along with a few regional impacts. Economically, innovations such as the steamboat and and the creation of the Erie Canal had big impacts. The Erie Canal helped connect the Western markets. Many other states then went to create their own canals to link themselves to the rest of…

BACKGROUND OF JAPAN Japan is one of the major economic powers of the modern world, it currently has the third greatest economy in the entire world right behind The USA and China despite the fact that it is a small area country. Among the long history of Japan, it has had three particular economic and political periods. The first period is Edo period which began in 1603, and ended in 1868. The Meiji period began right after Edo period with enthroning of Emperor Meiji. After the unconditional…

Coca-Cola 's External Technology Assessment and Acquisition (ETA) programs have achieved a broad range of innovations for the company aimed at lowering production costs and maximizing profits (Flynn & Okuonzi, 2016). The company’s 3M Technologies Light Tube Technology creates improved and new lighting for the coolers. The technology is expected to double the company’s chilled space without increasing its carbon footprint. Additionally, it would reduce the coolers’ energy requirements, thereby…

The growth of upland cotton was previously encouraged in Arizona by successive federal farm bills which administered subsidies to farmers per pound of upland cotton produced. For example, provisions of the Food, Conservation, and Energy Act of 2008 entitled farmers to a direct payment of $0.0667 per pound of upland cotton produced as well as counter-cyclical payments if the effective price for upland cotton fell below the $0.7125 per pound target price for the produce and a marketing assistance…

THROUGH THE LOOKING GLASS: A DIFFERENT PERSPECTIVE BAREFOOT HEDGE-FUND MANAGERS (POOR ECONOMICS)- AN ANALYTICAL SUMMARY HEDGE FUND MANAGER: An individual who oversees and decides about the investments that are there in the hedge fund which are highly risky as they involve aggressive strategies and are less regulated than any other investments with the aim of getting high returns. POOR PERSON: An individual with a dearth for the bare necessities of life with the aim of earning money to raise…

According to the most noted Ethiopian macro-economist and the current department head at Addis Ababa University, economic performance in Ethiopia is highly correlated with the political process (Geda, 1998). Ethiopia has passed decades of economic stagnation and fluctuation as a result of continuing change in policies and political environment. The political system doesn’t seem to follow the traditional trend of socio-political…

The railway trains, engines, employees, managers were engaged in business of provision of services for passengers and freight. By these terms of service provision the railroad significantly contributed to the American economic growth. The amount of freight increased from 13 billions in 1870 to 450 billions in 1929. Additionally, the railroad reduced transportation costs. When the railroads began their operation the advantages over canals and other ways of transportation…

the changes in trading patterns to earn more benefits. The New Zealand economy has changed in 2012. Obvious many changes have come up in New Zealand’s trade. In the early 1970s, the terms of trade were very high, because demand was very high for agricultural products. Later suddenly Agriculture prices down. From 1970 to 1973, the large increase in oil price and another increase in 1979 with a corresponding decline in the terms of trade. Higher oil prices impacted the New Zealand’s growth in…

delta. Without this vital source of water, Egypt would not have been what it was. It was a source of food and water for the Egyptians, but it was much more than that. The Nile shaped Ancient Egypt in economic ways and was a major influence on early religion. The Nile had a large effect on Egypt’s economic life. The Nile was used for travel,…