Agricultural Economy
An agricultural economy is a type of economy that primarily relies on farming and the production of crops and livestock. In this system, agriculture plays a crucial role in providing food, raw materials, and employment for a significant portion of the population. Countries with strong agricultural economies often focus on sustainable practices to ensure long-term productivity and environmental health.
In an agricultural economy, various factors such as climate, soil quality, and technology influence productivity. Farmers may use traditional methods or modern techniques, including machinery and biotechnology, to enhance crop yields. The success of this economy is often linked to trade, as countries export surplus produce to meet global demand.