Question on: JSS1 Agricultural science - Introduction to Agricultural Economics
Discuss the historical development of agricultural economics.
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The historical development of agricultural economics involves the evolution of economic thought and policies related to agriculture. Key points include:
- Early Economic Thought: The shift from subsistence farming to market-oriented agriculture.
- Agricultural Policies: The development of policies influencing agricultural practices, trade, and market structures.
- Market Systems: Changes in market dynamics, from local to global markets.
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