WAEC Economics 1988 Theory question 109

Theory question 109

Agriculture

Section B
Discuss the important role played by agriculture in the economy of your country.

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Model answer

Roles of agriculture:
1. Provides food for the growing population.
2. Provides raw materials for industries (cocoa, cotton, rubber, palm oil).
3. Major source of employment.
4. Earns foreign exchange through exports.
5. Source of government revenue (taxes, export duties).
6. Provides a market for industrial goods (fertilisers, tools).
7. Source of income and savings for capital formation.
8. Contributes a large share of national income (GDP).

Explanation

Explain at least five roles.