Terms Of Trade Between Agriculture And Industry -- Thirty Years Experience In China
The relationship between agriculture and industry is very important in any economic development. The whole process of development can be understood in the context of the relationship between agriculture and industry and its evolution. This is because first, agriculture and industry are usually the biggest and primary material production sectors in the economy, they provide physical goods for a society's survival and the foundation for any further development. Second, it becomes more and more clear that one sector cannot develop properly without the other. The purpose of this paper is to explore the agriculture industry relationship from the point of view of the intersectoral terms of trade, which is considered as the most important factor in agriculture industry relationship because the connection between the two sectors is mainly through product exchanges.
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