Category | Assignment | Subject | Management |
---|---|---|---|
University | University of Westminster | Module Title | HR Management and the Business Context Sample |
The higher profitability of carrot farming deters turnips farming since farmers are motivated by the profitability of farming. In the agricultural markets the concept of profitability determines the crops that need to be produced. That is when farming of carrots becomes more profitable than that of turnips, and farmers shift from growing turnips to carrots, both in the amount of land to cultivate and the workforce to hire. This decision results to decrease in the supply of turnips in the market place.
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