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Agriculture accounted for 50% of GDP, 83.9% of exports, and 80% of the labor force in 2006 and 2007, compared to 44.9%, 76.9% and 80% in 2002–2003, and agriculture remains the Ethiopian economy's most important sector. [7] Ethiopia has great agricultural potential because of its vast areas of fertile land, diverse climate, generally adequate ...
Congestion at a market in Abidjan A typical market in Africa. Efforts to develop agricultural marketing have, particularly in developing countries, intended to concentrate on a number of areas, specifically infrastructure development; information provision; training of farmers and traders in marketing and post-harvest issues; and support to the development of an appropriate policy environment.
The Growth and Transformation Plan was established by the government as a strategic framework for the agricultural sector from 2011 to 2015. The GTP aimed to: Enhance productivity and production of smallholder farmers and pastoralists; Strengthen marketing systems; Improve participation and engagement of the private sector
Microcline from the Kenticha mine, Oromia Region, Ethiopia. Mining is important to the economy of Ethiopia as a diversification from agriculture. Currently, mining comprises only 1% of GDP. Gold, gemstones (diamonds and sapphires), and industrial minerals are important commodities for the country's export-oriented growth strategy. [55]
In developing countries, market information initiatives are often part of broader interventions and part of the agricultural marketing and agribusiness development strategy that many governments are actively engaged in. It is commonly understood that long transaction chains, lack of transparency, lack of standards, and insufficient access to ...
A marketing mix framework focuses on delivering the right product, at the right price, using the right promotion strategy, choosing an appropriate distribution channel, and fostering long-term relationships with customers. Traditional literature in the field focused on 4P's (Product, Price, Place, and Promotion) as the drivers of marketing.
An example of the breadth and types of agriculture policy concerns can be found in the Australian Bureau of Agricultural and Resource Economics article "Agricultural Economies of Australia and New Zealand" which says that the major challenges and issues faced by their industrial agriculture industry are: marketing challenges and consumer tastes
The Global Hunger Index for Ethiopia in 2000 was 53.7 and in 2020 it is 26.2. [10] Ethiopia's recent economic growth has improved its Global Index Score. The improvement in the economic trends are due to the growth in agriculture which plays a dominant role in Ethiopia's economy. This score indicates improvement, however, the score is still ...