Agriculture as Business
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• Nowadays, it is purely business oriented.
• The market price of agricultural produce is governs by total production of a particular commodity. It follows the economic principle of demand and supply.
• In agriculture business, quantity is ignored and profit is more. The farmers try to get more profit per rupee invested.
E.g. in Punjab, rice is produced during Kharif season for profit and commercial reason
• Business of agriculture is purely economic