farmers to switch from growing staple grains to producing meat and dairy products, setting a pattern that persisted into the late 1980s.
In response to the agricultural depression of the 1930s, the government encouraged domestic production by imposing tariffs on agricultural imports. This policy enjoyed some success: the total area under cultivation increased, and farm incomes fell less sharply
Income increase
Productivity increase, Cultivation period extension
(The annual crop harvesting per 1meter square will allow the increase of 4~5kg.)
Increase in supply
(Through the results of extended period of production through advanced facilities and fully-equipped greenhouse, it is possible to double its productivity when compared to outdoor cultivation.)
Increase in farm income
(A
income : The idea that the expenditures of one group are income for other groups. The income is then spent to create income for still other groups.
수입의 순환 : 한 그룹의 지출은 다른 그룹의 수입이 된다는 개념. 소득은 다른 그룹을 위한 수입원을 만들기 위해 소비되는 것이다.
56. Class I oligopoly : An oligopoly in which firms are unorganized an
income statement or the balance sheet?
General characteristics of CFS : Complementing the balance sheet and income statement, the Cash Flow Statements allow investors to understand how a company's operations are running, where its money is coming from, and how it is being spent.
Due to the accrual accounting, the income statements released each quarter may not necessarily reflect changes in
The reason of increasing in processed food.
As household’s income increases, the relative price of time rises.
The relative price of time rises and households choose purchasing more processed food for saving time.
Increasing of income invokes increasing of processed food.