Posted inEconomics

Problems of Agriculture and Possible Solutions

Agriculture may be defined as the production of animals, fishes, crops and forest resources for the consumption and other benefits of man. Agriculture is the dominant occupatnon, employing about 50-60 per cent of the total population of West Africa. Although subsistence agriculture is practised in this part of the world, it will not be an over-statement to say that it is the live-wire of the economies of West African countries.
Traditional Economic: Definition, Features, Pros & Cons
Posted inEconomics

Traditional Economic: Definition, Features, Pros & Cons

Traditional economic system is the type of economy system that prevailed in all independent human organization or settlements prior to their contact with the outside world. In Africa, for instance, feudalism and communism predominated before contact with Europeans.