Agricultural backward-linkage effect means the establishment of

Assessment: JAMB UTME - Economics - 2005 Subject: Economics

Question 1 Report

Agricultural backward-linkage effect means the establishment of

Answer Details
The agricultural backward-linkage effect refers to the establishment of subsidiary industries to support and provide inputs to the primary agricultural industry. In other words, it involves the development of industries that produce goods or services required by the agricultural industry such as farm machinery, fertilizer, pesticides, and seedlings. This is done in order to increase the efficiency and productivity of the agricultural sector, and ultimately lead to economic growth and development.
Read lesson note on Money And Inflation (JAMB)
Read lesson note on Industry And Industrialization (JAMB)
View Answer

Related Questions

1

The factor responsible for the current inflationary pressures in Nigeria is the
2

Given the table above, what is the firm's short - run profit maximizing output?
3

If government increases in its expenditure on public works, the desired effect is
4

Business organization in which the owners' personal property may be forfeited in the event of bankruptcy are
5

The difference in each country's total output on specification is
6

Economic growth is different from economic development because economic growth
7

The savings deposit in a commercial bank is called
8

A profit maximizing monopolist should produce within the range where his demand is

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning