Traditional Culture Encyclopedia - Traditional customs - What are the characteristics of agricultural economy?

What are the characteristics of agricultural economy?

Agricultural economy is characterized by being greatly influenced by natural factors, so it also has risks. Generally speaking, in a year with good natural conditions, the agricultural output in areas with high land fertility will be more, the product cost will be lower, and the relative agricultural management benefits will be better; However, in years with poor natural conditions and areas with low land fertility, the agricultural output is less, the product cost is higher and the relative agricultural management benefit is relatively poor.

Agricultural production is slow to respond to the market and has poor adaptability. Agricultural products have a long production cycle and are greatly influenced by natural conditions, so they always lag behind in adjusting the structure and have weak adaptability to market changes.