Search results
Results from the WOW.Com Content Network
Agriculture is a state responsibility in Lebanon, where the ministry of agriculture is involved in setting agricultural policies and regulations. In the 1990s, the Lebanese government has awarded 89 contracts in the agricultural sector worth a total of US$13.6 million and an additional 46 projects in the irrigation sector, worth US$51.8 million.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Agricultural economics is an applied field of economics concerned with the application of economic theory in optimizing the production and distribution of food and fiber products. Agricultural economics began as a branch of economics that specifically dealt with land usage. It focused on maximizing the crop yield while maintaining a good soil ...
The Ministry of Agriculture is the ministry responsible for formulating the strategic framework for the agricultural sector and developing practical policies and programs to promote this sector. In addition, the ministry is developing a legal framework for the organization and infrastructure to facilitate investment, production and marketing ...
The Lebanese economy is service-oriented. Lebanon has a strong tradition of laissez-faire, with the country's constitution stating that "the economic system is free and ensures private initiative and the right to private property". The major economic sectors include metal products, banking, agriculture, chemicals, and transport equipment.
Lebanon's caretaker prime minister, Najib Mikati, has said Israeli air strikes have turned southern Lebanon into a "devastated agricultural area". Israel and the Iranian-backed Lebanese armed ...
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 .
Nominal GDP sector composition, 2015 (in millions of 2005 USD): [5] [6] 2005 prices are used similarly to 2010 constant prices in which they provide economic statistics where inflation is accounted for.