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Farmers in more developed and less developed countries share which of the following problems?Group of answer choiceslack of equipmentsurplus productionaccess to fertilizerslimited profitabilitythe declining importance of world markets

Question

Farmers in more developed and less developed countries share which of the following problems?Group of answer choiceslack of equipmentsurplus productionaccess to fertilizerslimited profitabilitythe declining importance of world markets

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Solution

Farmers in both more developed and less developed countries often face the following problems:

  1. Lack of equipment: This is a common problem in less developed countries where farmers may not have access to modern farming equipment. However, even in more developed countries, smaller farms may struggle to afford the latest technology.

  2. Limited profitability: Farming is a notoriously difficult industry in which to make a profit. This is true in both more developed and less developed countries. Factors such as weather, pests, and market prices can all impact profitability.

  3. The declining importance of world markets: Globalization has led to increased competition in agricultural markets. This can make it harder for farmers in both more developed and less developed countries to sell their products at a profitable price.

Surplus production and access to fertilizers are more specific to the context. Surplus production is often a problem in more developed countries where farming is more industrialized and can lead to waste and financial loss. On the other hand, access to fertilizers is often a problem in less developed countries where farmers may not have the resources or infrastructure to obtain and use them effectively.

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