Agricultural economics originally applied the principles of economics to the production of crops and livestock, a discipline known as agronomics. Agronomics was a branch of economics that specifically dealt with land usage. It focused on maxmimizing the yield of crops while maintaining a good soil ecosystem. Throughout the 20th century the discipline expanded and the current scope of the discipline is much broader. Today, Agricultural economics includes a cariety of applied areas, having considerable overlap with conventional economics. Economics is the study of resource allocation under scarcity. Agronomics, or the application of economic methods to optimizing the decisions made by agricultural producers, grew to prominence around the turn of the 20 century. This book will be useful for the students, teachers, research scholars of agricultural economics/economics, commerce, management and other faculties.

Economics