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Substitute good. In microeconomics, substitute goods are two goods that can be used for the same purpose by consumers. [1] That is, a consumer perceives both goods as similar or comparable, so that having more of one good causes the consumer to desire less of the other good. Contrary to complementary goods and independent goods, substitute ...
The results of this study also indicate that the proportion of chaparral and oak-woodland habitat available for wild bees within 1–2 km of a farm can stabilize and enhance the provision of pollination services. The presence of such ecosystem elements functions almost like an insurance policy for farmers.
Organic certification addresses a growing worldwide demand for organic food. It is intended to assure quality, prevent fraud, and to promote commerce.While such certification was not necessary in the early days of the organic movement, when small farmers would sell their produce directly at farmers' markets, as organics have grown in popularity, more and more consumers are purchasing organic ...
Sustainability standards and certification. Sustainability standards and certifications are voluntary guidelines used by producers, manufacturers, traders, retailers, and service providers to demonstrate their commitment to good environmental, social, ethical, and food safety practices. There are over 400 such standards across the world.
The primary international agency with a focus on food policy is the Food and Agriculture Organization (FAO) of the United Nations, established in 1945 with four express purposes: to improve nutrition and living standards in member nations, improve the efficiency of production and distribution of all food and agricultural products, better the conditions of rural populations, and expand the ...
The economic pillar discovers ways in which sustainable agriculture can be practiced while fostering economic growth and stability, with minimal disruptions to livelihoods. [90] All three pillars must be addressed to determine and overcome the barriers preventing sustainable agricultural practices.
Shown is a marketplace in Delhi. Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. [1][2][3] Microeconomics focuses on the study of individual markets, sectors, or industries as ...
Economic sectors. The primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, fishing, forestry and mining. [1][2][3] The primary sector tends to make up a larger portion of the economy in developing countries than it does in developed countries.