agri Flashcards
what is demand
demand refers to the quantity of produce that the consumer is willing to buy at a given time and price
what is the law of demand
the lower the price the higher the quantity demanded
factors affecting demand
prices
change in taste/fashion
change in season
change in income
change in prices of other commodities
advertisement of products
taxes
what is supply
supply refers to the quantity offered for sale at a variety of prices at any particular time
what is the law of supply
the higher the price the greater the quantity supplied
factors affecting supply
weather
taxation
effects of the weather
change in cost of production
changes of techniques in production
producer consumers more of their own products
what is elasticity
elasticity measures how responsive the market forces of supply and demand are in to changes in price
what is an equilibrium point
where the demand curve meets the supply curve it forms an equilibrium point
the law of diminishing return
if one factor is held fixed but additional units are added to it, eventually the additional output resulting from an increase of one unit of varying factor becomes smaller and smaller
input versus output
input refers to the resources that are used during the process of farm production while output refers to the main measure of individual crops and livestock output
five requirements needed to access an agricultural loan
budget
collateral
credit history
employment status
project proposal
what is tillage
refers to the breaking up of the soil surface and incorporating organic matter
difference between primary and secondary tillage
primary tillage is the first breaking of the soil while secondary tillage is the refining of soil
two primary tillage implements
disc plough
Moul board plough
two secondary tillage implements
disc harrow
rotoration
what is a cell
a cell is the basic structure of all living organism
cell membrane
surrounds the living material of a cell, controls the movement of substances in and out of the cell
cytoplasm
contains many small organelles in which metabolic activities take place
nucleus
controls the activities of the cell and contains chromosomes that carry genetic info
cell wall
supports the living material& gives the cell a rigid shape
vacuole
stores water& dissolved substances
chloroplasts
organelles in which photosynthesis takes place& food is manufactured
cell division
refers to the information of new cells. it occurs when parent cell divides into two or more daughter cells
two types of cell division
mitosis and meiosis
what is mitosis
mitosis is when a cells divides to create two identical daughter cells
two cells that divide by mitosis
skin cells and stomach cells
interphase
cells prepare to divide by replicating DNA
prophase
chromosomes are thick and condense