economics10

May 19th, 2015
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This research based on the role of agriculture in the economic growth of Pakistan. The secondary data has been collected from the year 1980-2010 from the government authentic websites. For this Purpose Simple regression applied to identify the significance relationship of Agricultural sub-sectors with GDP. Results suggested that there is the significance role of agriculture sub-sectors towards the economic growth only forestry showed insignificant relationship with GDP. Another objective is based on to know the contribution of each sub-sector over the aggregate agriculture amount. Result suggest that crops and livestock’s total contribute 91% combined in the aggregate agriculture sector that represent significance contribution for the performance regarding in this sector while Fisheries and forestry have minimal contribution because of many reasons, major reasons involved low investment intensity in this sector , insufficient facilities , untrained and unskillful labor force engaged with

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Economic principles assist in rational reasoning and defined thinking. They develop logical ability and strength of a manager. Some important principles of managerial economics are:1. Marginal and Incremental PrincipleThis principle states that a decision is said to be rational and sound if given the firms objective of profit maximization, it leads to increase in profit, which is in either of two scenarios- If total revenue increases more than total cost. If total revenue declines less than total cost. Marginal analysis implies judging the impact of a unit change in one variable on

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