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Role of Agriculture in Economic Development

Role of Agriculture in Economic Development

  • Creation of Jobs: Through agriculture, residents of rural areas are provided with jobs. Statistics of 2010 showed that 30% of the population were engaged in agriculture.
  • Source of Foreign Currency: This is mainly contributed by the export of cocoa and other cash crops.
  • Diversification of the Economy: As a result of the decline in oil prices, the current economic situation can be considered the most suitable time for diversification. This can be achieved through the agricultural sector.
  • Food Security: Foodstuff, their production, distribution, exchange, and consumption are important parts of the functioning of the world system.
  • Availability of Raw Materials: Cultivation of cotton, oil palm, and other plants promotes the development of other industries that depend on these raw materials.

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