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Economics definition

Adam smith (1776) defined economics as the science of wealth in his book An Inquiry into Nature and Causes of Wealth of Nations.

According to Marshall Economics is primarily a study of mankind in the ordinary business of life.

Agricultural Economics : An applied social science that deals with the production, distribution, and consumption of agricultural or farming goods and services.(or) an applied phase of social science of economics in which attention is given to all aspects of problems related to agriculture.

Subject matter of Economics : It can be studied through a) traditional approach and (b) modern approach.

a) Traditional Approach : Economics is studied under five major divisions namely consumption, production, exchange, distribution and public finance.

Consumption : The satisfaction of human wants through the use of goods and services is called consumption.

Production : Goods that satisfy human wants are viewed as "bundles of utility".

Exchange : Goods are produced not only for self-consumption, but also for sales. They are sold to buyers in markets. The process of buying and selling constitutes exchange.

Distribution : The production of any agricultural commodity requires four factors, viz., land, labour, capital and organization. The land owner gets rent, the labourer earns wage, the capitalist is given with interest and the entrepreneur is rewarded with profit. The process of determining rent, wage, interest and profit is called distribution.

Public finance : It studies how the government gets money and how it spends it.

b) Modern Approach : The study of economics is divided into: i) Micro-economics and ii) Macro-economics.

Agricultural education and extension services are crucial for the development and dissemination of knowledge and technologies that enhance agricultural productivity, sustainability, and resilience. This article explores the evolution, significance, and impact of agricultural education and extension services, highlighting their role in empowering farmers, improving food security, and fostering rural development. It examines the various models and approaches to agricultural education and extension, the challenges they face, and the innovative strategies being implemented to address these challenges. The article also discusses the integration of modern technologies and the importance of policy support in strengthening agricultural education and extension systems. By understanding and enhancing these services, stakeholders can ensure that farmers are well-equipped to meet the demands of modern agriculture and contribute to sustainable development.

Introduction

Computerization in education is perpetual need of today. Computers store large quantum of data that can be retrieved and used wherever necessary. They can also be used as an interactive media in transfer of technology system, which aids farmers and extension workers to access in formation of their need and to communicate with each other. Positive advantages in web education over distance learning process are that farming community can access it from any part of the world. Web education has also the added advantage of updating its data base on weather conditions, market situation in hourly basis which is not possible distance education as the process need a long time with regard to the availability of human resource and static course material to be developed for a particular time frame. The distance learning process being conventional in nature and also in place for quite a long years has abundance of resources and infra structural facilities however in web education, the professional resources are less in number and still arm journalism is yet to gain popularity among them. So web based interactive knowledge network system in transfer of technology is a present need which has to be addressed with due attention to improve the quality of existing communication system.

1. Length of Gunter’s chain is……..ft

   a) 15

   b) 25

   c) 66

   d) 30

2. Chain is made up of thick galvanized iron wire of…..... mm in diameter

   a) 2

   b) 4

   c) 3.5

   d) 5

Introduction
Agriculture is an age-old income generation activity in India. It plays a vital role in India’s economy. One in every two Indians relies on agriculture for livelihood. Over 58% of the rural households depend on agriculture as their principal means of livelihood. Over the period of time, the contribution of agriculture and allied sector in Gross Domestic Products (GDP) in India has declined to 14.4% in 2018- 19 from 51.8% in 1950-51. At current prices, the contributions of industry and services sector are 31.5%, and 54.1%, respectively as against the contributions of industry and services sector were 15.1% and 33.1%, respectively in 1950-51. This decline in share of agriculture and allied sector is result of the shift from traditional agricultural economy to industry and service sectors, this performance are very meagre if we consider the size of the employment in this sector. Presently, more than 50% of the total workforce of the country is employed in agricultural sector contributing to only 14.4% of GDP. With production of agriculture activity 26of $375.61 billion, India is 2nd larger producer of agriculture product in the world after China which has contribution of $991 billion in agriculture sector. GDP of industry sector is $560.97 billion and world rank is 6th. In services sector, India’s world rank is 8th and GDP is $1500 billion (FAENI, 2018- 19). Interestingly, contribution of agriculture sector in Indian economy is much higher (7.4%) than world’s average (6.4%), while contribution of industry and services sector is lower than world’s average (30% for industry sector and 63% for services sector).

Agricultural extension services play a pivotal role in facilitating better management of produce by providing farmers with knowledge, resources, and support to improve their agricultural practices. These services act as a bridge between agricultural research and farmers, disseminating information on innovative techniques, technologies, and best practices tailored to local conditions. Through workshops, training sessions, field demonstrations, and one-on-one consultations, extension agents empower farmers to adopt sustainable production methods, optimize inputs, and enhance crop yields while minimizing environmental impact. By promoting efficient post-harvest handling, storage, and marketing strategies, extension services help farmers reduce post-harvest losses, improve product quality, and access lucrative markets. Additionally, extension programs often incorporate valuable information on crop rotation, integrated pest management, soil conservation, and water management practices, enabling farmers to make informed decisions for long-term agricultural sustainability. Ultimately, agricultural extension services serve as catalysts for innovation, productivity, and resilience in the agricultural sector, contributing to food security, economic development, and rural livelihoods.

ABSTRACT

The conventional agricultural extension service in India is mainly provided by extension workers visiting farmers to provide agricultural advisory services. This system of extension service provision faces a number of challenges including the few number of extension workers and limited resources. The effectiveness of an impact-driven, radio-based extension service delivery system that has been introduced in some rural areas of India. The system aims to enable extension workers to reach many farmers with minimum efforts. However little is known about the effectiveness of this new extension service delivery system. In rural areas, farmers have started sharing agricultural related information and best practices. Some farmers have also started to change their farming practices. This brings a new finding that farmers can adopt and practice easily what is aired by their fellow farmers in the community radio stations.

Introduction 
Agricultural extension systems are vital in bridging the gap between research and practical application by farming communities. By providing farmers with access to the latest technologies, practices, and knowledge, these services help improve crop yields, optimize resource use, and promote sustainability. Beyond just technical advice, agricultural extension often involves helping farmers adapt to new market trends, climate changes, and government policies. Extension agents typically work directly with farmers through meetings, oneon- one consultations, and community-based demonstrations. Dr. Rajendra Prasad Central Agricultural University, originally known as Rajendra Agricultural University, was established as India’s first Imperial Agriculture Research Institute. The foundation stone was laid by Lord Curzon on April 1, 1905, with financial support from American philanthropist Henry Phipps, Jr. Located in Pusa, Bihar. It is an Institute of National Importance. The University focuses on teaching, research, and extension, with the Directorate of Extension Education founded in 1977. This Directorate bridges the gap between technology generation and dissemination by coordinating with the State Department of Agriculture, ICAR, and other research and training institutes. It aims to deliver the latest agricultural information to farmers through its colleges and Krishi Vigyan Kendras (KVKs), as well as plan and monitor extension activities based on research results. Public spending on Agricultural extension is one of the key policy instruments of the government to provide growth and alleviate property in rural areas. A comprehensive analysis of farming systems is essential to identify areas that need training, highlight technology gaps, address the adoption gap, and recognize production constraints. The goal is to develop and showcase alternative sustainable farming practices that enhance farmers’ productivity and profitability while conserving biodiversity and improving environmental health. Additionally, farmers should be connected to the rapidly evolving global market by providing them with relevant information and guidance to help them adapt to new opportunities and challenges.

Important Points to Remember

• The word ‘Extension’ is derived from Latin roots ‘ex’ and ‘tensio’.
• The use of the term ‘Extension’ originated in England in 1866 with a system of University extension which was taken up first by Cambridge and then Oxford Universities.
• James Stuart is considered as father of University Extension.
• Dr. K.N. Singh is known as father of Extension in India.
• Agricultural extension operates within a broader knowledge system that includes research and agricultural education.

Meaning, Concept & Definition of Education

1. “Education is the process of developing capabilities of the individuals so that they can adequately respond to their situations”.

2. The modern definition of Education- “It is the production of desirable changes in human behavior- in knowledge (things known), attitudes (things felt) and skills (things done), in all of them or in one or more of them”.

3. Education is the process of giving training and instruction to people to develop their knowledge, abilities, skills, character and mental powers.

Knowledge: It includes-facts, concepts, principles and relationship.

For example: Extension worker educates a farmer on cultivation practices in sweet corn. (Things known)

Attitude: An attitude can be loosely defined as a feeling towards some object, person, and situation or idea. For Example

Extension worker changes the negative attitude of a women farmer and makes them adopt Mushroom cultivation. (things felt)

Skills: Ability to do things.

For example: Extension worker improves skills of a cotton farmer on stem application of pesticide (things done)

1. ……….. is the study of human relationship in rural environment.

   a) Sociology

   b) Rural sociology

   c) Indian sociology

   d) None of the above

2. Journal of Extension is published from ………….

   a) UK

   b) USA

   c) Germany

   d) Holland

Extension is an “Out – of – School” system of education for rural people.

The term “Extension” have originated in Latin. It means stretching out.

The term “University Extension” was first used in 1866.

The person considered as Father of extension and the concept of Extension Education Process was given by Paul Leagans

The person considered as father of extension in India is K.N.Singh

The term “Extension Education” was first coined in United Kingdom

Extension education is an applied behavioral science and brings about behavioral changes in human beings.

The philosophy of extension is not “What to Think?.” It is “How to think?”

1.    ___________means studying, examining and analyzing the financial aspects are pertaining to farm business.

(a) Agricultural finance

(b) Finance management

(c) Accounting management

(d) All of these

2.    Agricultural finance deals with the :–

(a) Acquisition of fund

(b) Use of fund

(c) Management of funds

(d) All of these

Introduction

Agriculture is an important sector of Indian economy and it contributes about 17.4% to the country’s Gross Value Added (GVA) for the year 2016-17 provides employment to over 54.6 % of the population. There has been a continuous decline in the share of agriculture and allied sector in GVA from 18.6% in 2013 14 to 17.4% in 2016-17. Falling share of agriculture and allied sector in GVA is an expected outcome in a fast growing and structurally changing economy. However since 54.6% of the population is still dependent on agriculture and engaged in improving the agricultural production and overall income. The agricultural production system required timely and adequate agriculture credit to fulfill farmers need. Agricultural Finance ensures provision of multiple types of services dedicated to support both on- and off-farm agricultural activities and businesses including input provision, production, and distribution, wholesale, processing and marketing.

Introduction

Poverty has been described as a situation of “pronounced deprivation in well being” and being poor as “to be hungry, to lack shelter and clothing, to be sick and not cared for, to be illiterate and not schooled. Poor people are particularly vulnerable to adverse events outside their control. They are often treated badly by institutions of the state and society and excluded from voice and power in those institutions.” Lack of access to resources is a unifying characteristic of poverty in all its manifestations. The poor lack ownership of or access to assets such as land, water, forest, dwelling units, credit, literacy, longevity, voice and capital-both physical and social. Those who are severely below the poverty line are largely involved in subsistence type activities for which they get exploitatively poor returns despite suffering extreme physical hardship and undertaking grave risks so as to earn a meager income. Since earnings are below even the margins of existence, expenditure and survival needs exceed income. This often results in the need to borrow small amounts of money at usurious interest rates of as much as 120 per cent per annum (Mehta, 1996) when borrowing is not possible, hunger is suffered. Their inability to change the power relationships results in scarcely available common resources (such as even drinking water) or public funds meant for poverty alleviation being misappropriated and diverted through manipulation by the locally powerful or corrupt. Since there are no mechanisms for grievance redressal this could result in social tension, despair or a combination thereof.

History is the continuous record of past events

Heritage is the inherited values carried from one generation to other generation

Agricultural heritage refers to the values and traditional practices adopted in ancient India which are more relevant for present day system.

Agricultural Heritage in India

Agriculture in India is not of recent origin, but has a long history dating back to Neolithic age of 7500-6500 B.C. It changed the life style of early man from ‘nomadic hunter of wild berries and roots’ to ‘cultivator of land’. Agriculture is benefited from the wisdom and teachings of great saints. The wisdom gained and practices adopted have been passed down through generations. The traditional farmers have developed the nature friendly farming systems and practices such as mixed farming, mixed cropping, crop rotation etc. The great epics of ancient India convey the depth of knowledge possessed by the older generations of the farmers of India. The modern society has lost sight of the importance of the traditional knowledge which had been subjected to a process of refinement through generations of experience. The ecological considerations shown by the traditional farmers in their farming activities are now-a-days is reflected in the resurgence of organic agriculture.