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the difficulties in increasing agricultural output in developing countries. Explain in term of: The move from subsistence to cash crops Risk attitudes of farmers why
the difficulties in increasing agricultural output in developing countries. Explain in term of:
- The move from subsistence to cash crops
- Risk attitudes of farmers
- why risk averse behaviour is rational
- how to reduce risks
- Advantages of mixed farming
- part subsistence and part cash crops
- more than one cash crop
- Urban bias of policy makers
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Managerial Economics and Business Strategy
Authors: Michael R. baye
7th Edition
978-0073375960, 71267441, 73375969, 978-0071267441
