Agriculture is important to provide the people with the food supply and to prevent food shortages.
<u>Explanation:</u>
Agriculture is one of the major primary activities in the economic activities of a country. This is very important because it provides the people with supply of food which is necessary for living of the humans.
With more advancement in this occupation, steps are being taken which will help improve the production of food and prevent shortage of food as much as possible. It is also a source of occupation for a lot of people in the country.
Answer: d. Physical depreciation
Explanation:
The allowance of the use of the second hand materials showed the materials met the standard required but this is subjective as the material life span has been shortened due to existing usage of the material.
Hayek believed the economy too complicated to think in terms of aggregates. This is the foundation of monetarism theory. He believed that people are unpredictable in their choices. Consequently, expansionary policy was potent because it could potentially lead to inflation and affect individual choices.
Independent North India 1401-1526. Zahir ud-Din Muhammad Babur was the founder<span> of the </span>Mughal empire<span> in India. His father was a direct descendant of the powerful Timur, and his mother was from the family of Genghis Khan.
hope this helps</span>
<u>Answer:</u>
With the idea of the<em> primacy of the consumption over the production. </em>The idea of power of consumption over production was presented by <em>Adam Smith in 1776. </em>
He accepted that the interests of the customers are a higher priority than those of the producers in light of the fact that the sole motivation behind production is consumption. <em>They are interrelated; obviously, one is not possible without the other. </em>
For an entrepreneur to be fruitful, they have to regard and study individual needs because these will figure out what should be produced, and, help the success of the producers. <em>Customers have the ability to choose (power) how the market must work.</em>