agricultural economics – Agribusiness Education and Research International

Inflation and its type, causes, and impact on the economy

AERI Admin — Tue, 17 Oct 2023 07:50:05 +0000

Inflation and its type, causes, and impact on the economy Inflation is the result of too much money being spent to buy too few products. An increase in average prices that is maintained is referred to as inflation. Here, the emphasis is on the term “sustained”. Price growth over an extended period of time is […]

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Classification of Agricultural Markets

AERI Admin — Thu, 17 Mar 2022 14:43:35 +0000

Classification of Agricultural Markets: The agricultural marketing system is essential for comprehending the intricacies and identifying bottlenecks in order to provide efficient services in the transfer of farm products and inputs from farmers to consumers. A well-designed marketing strategy reduces costs and helps all members of society. Agricultural Markets can be categorised according to each […]

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Producers Surplus of Agricultural Commodities

AERI Admin — Sun, 27 Feb 2022 18:24:21 +0000

Producers Surplus of Agricultural Commodities The quantity that is or can be made accessible to the country’s non-producing population is known as the producer’s surplus. From a marketing standpoint, this surplus is more important than overall commodity production. Agricultural development is determined by the rate at which agricultural production expands, while economic development is determined […]

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Factors Affecting Real Wages

AERI Admin — Sat, 22 Jan 2022 14:48:52 +0000

Real Wages: The amounts of products and services that can be purchased with money wages are referred to as real wages. The term “real wages” refers to the conversion of monetary wages into real terms. Nominal wages refer to the sums in the wage earners’ pay envelopes, whereas real wages refer to the amount of […]

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Profit Maximization Critique Hypothesis

AERI Admin — Fri, 27 Nov 2020 14:32:23 +0000

Profit Maximization Critique Hypothesis Profit Maximization Critique Hypothesis is an important aspect of Economics. Companies will ultimately have to function in line with the marginal principles of profit maximization in their attempt to increase their income. This purpose is also based on the Darwinian theory of the survival of the fittest. Many economists have made […]

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Factors Affecting Supply Elasticity

AERI Admin — Wed, 28 Oct 2020 18:55:26 +0000

Factors Affecting Supply Elasticity Supply elasticity relies on a variety of considerations, which are as follows: The essence of merchandise: Supply elasticity depends on the quality of the component. Commodities may be graded as Perishable and Durable Perishable products on the basis of their existence and (ii) Durable Perishable products may not be processed and […]

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Supply Affecting Variables or Supply Determinants

AERI Admin — Sat, 24 Oct 2020 16:18:19 +0000

Introduction: Supply Affecting Variables or Supply Determinants. Below are the major factors that decide the availability of a commodity: The price of the commodity in question: the supply of a commodity depends on the price of that commodity all things being equal if its price is higher than if it is poor, sellers of a […]

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Fundamental Assumptions of Indifference Curve Analysis

AERI Admin — Fri, 23 Oct 2020 14:22:29 +0000

Fundamental Assumptions of Indifference Curve Analysis Responsible Consumer: Fundamental Assumptions of Indifference Curve Analysis. The consumer is believed to be behaving rationally. In the sense that he will pick the combination from among the different possible combinations, considering the costs of products and money revenue, which gives him full pleasure. Ordinary Utility: The utility […]

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Importance of Consumer’s Surplus

AERI Admin — Fri, 23 Oct 2020 14:00:18 +0000

Importance of Consumer’s Surplus. From both theoretical and realistic points of view, the notion of the consumer surplus is of immense significance in economics. Helpful in making economic comparisons: The idea of the surplus of the market helps one to make economic comparisons between two countries about the health of people. For eg, if Bangladeshi […]

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Importance of the law of equi-marginal utility

AERI Admin — Tue, 13 Oct 2020 17:23:14 +0000

Importance of the law of equi-marginal utility Importance of the law of equi-marginal utility. It is a fundamental law and is applicable in all the economic theory departments. “In Robbins’ words, “The application of the equi-marginal utility theory applies to almost any area of economic inquiry.” Some of the law’s major applications are in the […]

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