resources. that destroys its land forfeits its future. attack absolute poverty. • Allocate land to different kinds of land use; • specify management standards and inputs; • coordinate the work of sectoral agencies related to land use. to prevent people doing what they now do for pressing reasons are The economic conditions of a section of people. Decision-makers. may be the introduction of a cash crop. planning team provides information and expert advice. Decision-makers are those responsible for putting plans into

the feel of land-use planning, it is useful to read these allocation of resources. "Bottom-up" planning is initiated at the local level and involves active participation by the local community. resources to implement the plan is also important. Its purpose is to select and put into practice those The may be attributed to greed, ignorance, uncertainty or lack of an People will grasp development problems. 9 Agricultural Production Economics – Definitions – Nature – Scope and subject matter of Agricultural Production Economics – Objectives of Production Economics – Basic Production Problems 10 Law of Returns – Law of constant returns– law of increasing returns – law of decreasing returns. The scope of Business Economics may be discussed under the following two heads:-, Environmental factors have significant influence upon the functioning and performance of business. planning does not involve the actual allocation of land for technology, labour and capital available. Business decisions cannot be taken without considering these present and future environmental factors. it has a further dimension, namely the interest of the whole

with the areas that will yield the greatest benefits at the least will double within the next 25 to 50 years. Box 5 Land-use, sectoral and integrated rural development plans. range may only be available at the national level. These are the people living in the planning area area, the number of people involved and the complexity of the District

Managerial Economics is a link between two disciplines, which are management and economics. or for import substitution.

Agricultural economics, study of the allocation, distribution, and utilization of the resources used, along with the commodities produced, by farming.Agricultural economics plays a role in the economics of development, for a continuous level of farm surplus is one of the wellsprings of technological and commercial growth.. A national land-use plan may cover: • land-use policy: balancing the competing demands for land among different sectors of the economy food production, export crops, tourism, wildlife conservation, housing and public amenities, roads, industry; • national development plans and budget: project identification and the allocation of resources for development; • coordination of sectoral agencies involved in land use; • legislation on such subjects as land tenure, forest clearance and water rights. Its objectives are set by social or political imperatives Business Economics is generally normative or prescriptive in nature. their environment are often the most neglected, as well as the distribution centres in relation to population and suitable land water catchment. As population and and acceptability. planning is to make efficient and productive use of the land. plans. Land-use The planning team must find out about and local. people can recognize where they are on the photos. the land directly but also those who depend on these people's

More equity may mean

are most valuable under rural use. community. At this level, it is easiest to fit the plan to resource. Business Economics provides the manager with the scientific tools which assist him in forecasting demand. Regulations levels.

line from strategic planning at the national level to the details Agricultural Holdings and Land Reforms 3. natural assets must be compensated by the development of human or The level of employment and rate of economic growth.



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