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Plant Science 5th Edition by Margaret McMahon,Anton Kofranek deceased,Vincent Rubatzky
Edition 5ISBN: 978-0135014073Plant Science 5th Edition by Margaret McMahon,Anton Kofranek deceased,Vincent Rubatzky
Edition 5ISBN: 978-0135014073 Exercise 1
Money value and ecological value are mismatched in agriculture. What would happen to the price of food if the cost of clean up from pesticide or fertilizer run-off was added to the production cost?
Explanation
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There is a wide gap between ecological and money values. Excess of fertilizers, pesticides and insecticides pollute the water bodies when carried by run-off water. But, the cost invested in cleaning the water bodies is not reflected on the crop price or price of the product. On the other hand, ornamental plants grown by one person is being enjoyed by many at the very sight, but this treat for the eye is free of cost for the viewer.
If all that is grown, whether for consumption purpose or recreational reasons is priced accordingly, it would be very expensive. The common man might not be able to afford for it. It will be only for the rich or the cream layers to enjoy. Besides, all that is got free of cost is of less value compared to that bought with a price.
So, when commodities are charged, people learn to utilize the resources carefully and economically. Ownership teaches responsibility to people.
If all that is grown, whether for consumption purpose or recreational reasons is priced accordingly, it would be very expensive. The common man might not be able to afford for it. It will be only for the rich or the cream layers to enjoy. Besides, all that is got free of cost is of less value compared to that bought with a price.
So, when commodities are charged, people learn to utilize the resources carefully and economically. Ownership teaches responsibility to people.
Plant Science 5th Edition by Margaret McMahon,Anton Kofranek deceased,Vincent Rubatzky
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