Monday, October 26, 2009

ECONOMICS BOOK

"People cannot eat machinery or factory buildings. That is why poor countries should concentrate on agriculture and leave manufacturing to the industrialized nations."

EXPLAIN WHY YOU AGREE OR DISAGREE.

12 comments:

Philip M. said...

I agree with this quote to a certain extent. I agree with poor countries sticking to agriculture over industrialization because the crops gained through agriculture will give the country food to eat. Building factories and machinery wouldn’t really help the people eat. But, if the whole country is based on agriculture, eventually there will be a surplus of crops. With those crops, the countries can form a trade with a more industrialized country for machines that could aid with the growing and harvesting of the crops. Over time, that poor country could develop into an industrialized nation using the natural resources that aren’t used in agriculture.

Shantel W. said...

I think poor countries should concentrate on agriculture and leave manufacturing to the industrialized nations. Poor countries such as Bangladesh & Switzerland don’t produce as much as other industrialized nations. This is because they don’t have the money to do so. The U.S focuses more on industrializing because we have the funds to do so. The U.S is able to produce 20 times the amount of goods than Bangladesh. The U.S is also more advanced in technology which is plus. Poor countries have better land and have the space for agriculture than industrialized nations.

Hogan I.. said...

I agree with this statement because their are small countries that switch from manufacturing back to agriculture, due to the skill of their labor force and the quantity of machinery and tools available per worker it posed a problem for them to maintain a factory. They became better at farming more then machinery because of their lack of experience." There is not enough money and products to go around" stated in the book, which is also true, that is why countries should do what they do best.

Samaroo, A. said...

Every nation has the right to produce what they need. It is true that people can not "eat factories and etc" but there are services produced in these factories that we cannot do without. Agriculture is an important part of every great nation, but it is not the most or only important thing that keeps said nation thriving.

Rizoyt said...

With this quote, I have to disagree with the knowledge that industrialization provides a greater potential for that economy to thrive. The growing of crops to supply and meet the demands of a small village will, in turn produce the capital that only a small village could afford. Whereas, manufacturing goods for global consumption would provide a substantial increase in capita, due to the fact that there are more consumers that buy the goods. This provides the town with a greater source of revenue for them to support themselves, and not be left starving.

Elizabeth P said...

I agree with the quote becuase there will come a time when we are going to go back to agriculture. Poor countries need to stick to agriculture becuase for use to survive is food. If they keep producing food and not worry about what the other countires do, they will soon be needed. Industrialized countires that prodice factories has money to do so which makes them powerful. The quote is saying that you can't eat factories meaning you can't eat cell phones or sneakers that factory places make. I believe that poor countries have the better way of living becuase with all the land they have they can produce fresh good food while industrialized nations prodice process foods.

Anonymous said...

I agree with this quote because poor countries should concentrate on agriculture and leave manufacturing to the industrialized nations because they need food. I believe that industrialized nations have so many nations because there powerful. Fresh Food, and water is what makes us survive and it’s a better living for the poor countries.

Arianna F said...

I do not fully agree with this quote. Obviously it’s not possible to consume machinery, but not all countries are not capable of producing agriculture. Yes small nations may not have industrialized, but it doesn't mean that they don't have the potential to expand their technology- and industrialize. Technology advancements cannot feed a nation, so many countries have both. But where does that leave the countries that have neither, or the countries that have one over the other? Countries use means of trade and money to get their necessities for everyday survival.
Poor countries should concentrate on their necessity, which should be agriculture; Because without that their nation cannot strive. But industrialization has caused food to be produced in larger quantities. Therefore means that more people can be fed in a smaller amount of time. All countries should improve on technology, but keep agriculture as their main priority.

JYang said...

I agree with the above quote. I think that poor countries should concentrate on agriculture because as stated in the quote, “people cannot eat machinery or factory buildings.” By concentrating on agriculture they will be able to grow crops that they can eat. Food is a necessity for survival while factories can only provide materialistic objects that aren’t necessarily a necessity for survival. Poor countries should concentrate on agriculture but still in some way keep up with industrialized nations. This way they will be able to support themselves without having to fully depend on any other nations for their needs. Poor countries don’t have the financial ability to industrialize so instead they should leave it up to the bigger and richer nations to do so. They should use their natural resources to benefit their country, but technology advancement is also important because it can also help the agricultural aspect of things.

C. Reyes said...

I agree with this quote. I think that it’s right to say that “poor countries should concentrate on agriculture”. Countries that do not have that much money first of all cannot afford to become industrialized. Technology and becoming industrialized in this day and age may be considered a necessity however it can never be considered more important than food. Food is needed in survival while manufacturing is not. For countries with little financial resources using their natural resources in my opinion is the smartest choice. Having more of a traditional economic system is the best way for them to use what they have without high cost. The countries that can afford to have factories and are able to make materialistic objects without a problem financially should do so, and countries that have less money should use the resources that they have.

Tiffany H. said...

I agree with this statement because it is true that most poor, and needy countries, are the countries that are the most industrialized as far as having factories, and businesses that are responsible for producing and ditributing goods to other countries. Mean while these countries don't have enough food, or crops to keep themselves at a successful rate of means. It would be more productive for them to put a majority of their focus towards beginning crops or food. This way once their food growing is at a steady rate they can go back to the factories and departments to continue making their money.

Supreet Singh said...

I agree with this quote. It is true that we as people cannot eat machinery or a factory building and that somebody needs to work on planting fruits and vegetables and what not because that is what we need to live. Becoming a industrialized nation with factories will not be a very good thing if we have no people working in the factories because of starvation. If somebody doesn't work do the agricultural work we will most likely have no food in the end we need agriculture more the machinery and factories.