Professional Documents
Culture Documents
Term paper
Prepared by:
Mica Alondra E. Mendoza
BSA 2-1
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Marketing and trade play vital roles in the economic growth and overall development of a
nation. The major roles of marketing and trade in the national economy can be thought of in
With development, more economic agents may enter trade, helping to improve marketing
services and, in some cases, allowing the market to capture external economies of scale. This
refers to a situation where the presence of many agents allows each one to operate at a lower
cost.
Above all statements, agricultural marketing contribution to the economy growth and
development of our country is that to provide food and raw material to non-agricultural sectors
of the economy and to create demand for goods produced in non-agricultural sectors, by the rural
people on the strength of the purchasing power, earned by them on selling the marketable
surplus. Providing employment to a vast army of uneducated, backward and unskilled labour. As
a matter of fact, if the process of economic development is to be initiated and made self-
Philippines. First, its contribution to the national income, it is correctly observed that, “The
leading industrialized countries of today were once predominantly agricultural while the
developing economies still have the dominance of agriculture and it largely contributes to the
national income.
Source of food supply, all developed, undeveloped, and developing countries are needed
a food. Through agricultural marketing it provides a source of food the human consumption.
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Pre-Requisite for Raw Material, also the role of agricultural marketing is that to make the
raw materials make an output. It’s added the increase of economy in terms of money income.
Because, we all know that contribution of raw materials to our economy is also high.
Shift of Manpower, initially, agriculture absorbs a large quantity of labour force. Creation
transportation railways, postal services and many others for an infrastructure creating demand for
Create Effective Demand, the development of agricultural sector would tend to increase
the purchasing power of agriculturists which will help the growth of the non-agricultural sector
of the country. It will provide a market for increased production. In underdeveloped countries, it
is well known that the majority of people depend upon agriculture and it is they who must be
overpopulated, there is greater inequality of income between the rural and urban areas of the
agriculture. The prosperity of agriculture would raise the income of the majority of the rural
population and thus the disparity in income may be reduced to a certain extent.
amount of capital for its economic development. In the initial stages of economic development, it
opportunities for rural people on a large scale in underdeveloped and developing countries. It is
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an important source of livelihood. Generally, landless workers and marginal farmers are engaged
in non-agricultural jobs like handicrafts, furniture, textiles, leather, metal work, processing
industries, and in other service sectors. These rural units fulfil merely local demands. In India