Why agriculture is considered as the backbone of the Philippine economy?
Agriculture is the backbone of the Philippine economy. … It grants tax incentives and deductions to private entities or corporations that give donations or gifts to and directly purchase agricultural and fishery products from accredited farmers’ and fisherfolks’ enterprises and/or cooperatives.
Why is agriculture important to humans?
The importance of agricultural biodiversity encompasses socio-cultural, economic and environmental elements. All domesticated crops and animals result from human management of biodiversity, which is constantly responding to new challenges to maintain and increase productivity under constantly varying conditions…
Why is agriculture the backbone of our economy?
Agricultural economics plays a role in the economics of development, for a continuous level of farm surplus is one of the wellsprings of technological and commercial growth. In general, one can say that when a large fraction of a country’s population depends on agriculture for its livelihood, average incomes are low.
Why is agriculture called the backbone of our country?
Agriculture can be called the backbone of India’s economic system because two-thirds of the Indian population is engaged in the cultivation of land. Agriculture not only helps to feed the large population, but it also supports the principal manufacturing industries with raw materials.
What are the importance of agriculture in Nepal?
The agriculture sector is pivotal to increase income, alleviate poverty and uplift the living standard of the Nepalese people. However, the performance of this sector has been inadequate to meet the increasing food demand and livelihood needs of growing population in the country.
What is the importance of agriculture Class 10?
Agriculture is a primary activity and produces most of the food and foodgrains that we consume. It produces raw materials for our various industries, e.g., cotton textile and sugar industry. Some agricultural products, like tea, coffee and spices, are exported and earn foreign exchange.