(2) Characteristics of Consumption in Korea
1) Analysis of decision factor on rice consumption.
Several characteristics influence on the consumption ofRice and korean food which are household income, housewife's time-cost, consumer's age, professional education and place of residence. Income elasticity of consuming Rice in 1982 was 0.24 but it declined to 0.16 in 2002 and this value is
of agricultural products. Purchasing market has imperfect market structure that represents characteristic of monophony demands or oligopoly demands, because buyers made purchase contraction with numerous suppliers based on their advantage of ‘bulk buys’ that described as ‘many suppliers with monopoly or few buyers’. In contrast, big marts made Everyday Low Price sales to numerous typical
3. Lesson Description
This lesson is designed to help our students' clear concept acquisition. So many part of this lesson is composed of a lecture, and questions & answers. In this class, we will focus on our main concept of 'Elasticity'. Because we assume that our students already learned what demand and supply is, we will not give much explanation of their concepts. Instead, students will b
of these problems, The FRM is introduced in 2011.
To join FRM, farmer needs some qualifications. First, a farmer and farmer's spouse are more than 65 years. Second, farmer needs to have more 5 years of farming career. But this career doesn't need to be consecutive. Third, the size of farmland is less than 30,000㎡ and the farmer have to own this farmland. The use of farmland is rice paddy,