agricultural economy

Land-centered commerce system

An agricultural economy is one in which farming and related activities—growing crops, raising livestock—constitute the primary source of wealth and employment.

Before industrialization, virtually all economies were agricultural.

The term now often describes developing nations or regions where agriculture remains dominant: The country's agricultural economy depends heavily on rice exports.

Related

family farm · land reform · commodity markets · grain prices · cooperative farming · agrarian · farm income · subsistence farming · cash crops · monoculture · agribusiness · rural development · water management · dry season · wet season · tariff barriers · agroecology · soil erosion

Opposites
economic sector dominance

agricultural economyindustrial economy

Production-centered economic system

service economy · knowledge economy · information economy · digital economy · tourism economy

economic development stage

agricultural economysubsistence economy

System without market surplus

Family

economy, economic, agriculture, agricultural

Familiarity
Top 500,000
Profile
Used worldwide · Timeless · Rated G