Jun 1 2011, 02:31 AM
QUOTE(LionheartTwb @ Mar 25 2011, 07:27 PM)
Base on this statement: We need more farmers, not economists, how can we face the problem of the rising of global food price?
What can we do other than producing more supply of food?
As in this case what i know is the demand for the food globally is rising and that is most probably why the price is rising.
So one way to do is to increase the supply of the food. But what else? (also please correct me if i wrong)
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This is my microeconomies term paper and it is annoyingly hard for me as I m just newbie to economy.
I think of other solutions like setting ceiling price or apply technology in production of food but these methods are not related the the statement "We Need More Farmer, Not Economist" !
More farmers, not economists. Whos going to become the farmer? u? people r getting education these days. everyone want get high pay jobs. At the moment, ppl would prefer to become an economist rather than a farmer. The plantation boss might earn big bucks, not the farmers. wait till when food supply is in demand or farmer earns more than economist.What can we do other than producing more supply of food?
As in this case what i know is the demand for the food globally is rising and that is most probably why the price is rising.
So one way to do is to increase the supply of the food. But what else? (also please correct me if i wrong)
---------------------------
This is my microeconomies term paper and it is annoyingly hard for me as I m just newbie to economy.
I think of other solutions like setting ceiling price or apply technology in production of food but these methods are not related the the statement "We Need More Farmer, Not Economist" !
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