Table of Contents Executive summary 1 Introduction: 2 Market for rice in India 3 Zamindara Surplus Model methodology — 3 Market structure of Zamindara rice and general mill. 4 Demand 5 Law of Demand 5 Changes in demand 6 Factors that affect demand change 7 Tastes 7 Price of related goods 7 Supplies 9 Law of supply 9 Changes in Supply 9 Climate: 10 Technology 11 Conclusion 11 Executive summary India is one of the world's largest producers of white rice and brown rice, India is also known as the home of Basmati rice. India total rice production accounting for 20% of all world. Rice is India's pre-eminent crop, and is the staple food of the people of the eastern and southern parts of the country. Production increased from 53.6 million tons in FY 1980 to 74.6 million tons in FY 1990, a 39 percent increase over the decade that has affected both the demand and supply side of economics. In this report we would be discussing about Zamindara rice mill that is the main supplier of raw material to the big companies as well as finished good to the local market in Jammu. In this report we have discuss about the Economic variants under micro economic influence of market and individual behavior. We have analyzed and highlighted the Zamindara rice mills Methodology, market structure and demand and supply effects on the individual profitability and affect on the local and international market. We have based all our facts and figures in this report on the assumptions that the data we have gathered from third party and external sources regarding Zamindara are accurate to an extent. Introduction: Micro economic is the subject of economics that analysis the market behavior of individual consumers or firms to have... ... middle of paper ... ....htm 4 http://www.rkmp.co.in/ 5 http://www.rkmp.co.in/sites/default/files/ris/rice-state-wise/Status%20Paper%20on%20Rice%20in%20Jammu%20and%20Kashmir.pdf 6 http://ageconsearch.umn.edu/bitstream/158507/2/16-MH-Wani.pdf 7 http://dictionary.reference.com/browse/oligopoly 8 http://mba651fall2007.wikispaces.com/Sweezy+oligopoly 9 (Principle of micro economic 3rd edition, chp 2, pg 25) 10 (Principle of micro economic 3rd edition, chp 2, pg 35) 11 (Campbell, Stanley, 2005b) 12 http://gnipltd.com/gni-semi-rice-planbig.html 13 https://www.youtube.com/watch?v=v9p69_SeWXw 14 http://martinmorning.wordpress.com/economics/supply-and-demand/law-of-supply/ 15 http://webshells.com/college/grid6.htm 16 Jackson, Mclver, 2005b 17 Kashmiri times, 2011 18 https://www.youtube.com/watch?v=hMREdclBmK4 19 http://my.ilstu.edu/~mswalber/ECO240/Tutorials/Tut03/Tutorial03c.html
In the first chapter of the book the author discusses a brief world history and evolution of rice crops. It is interesting to see that even though parts of Africa had their own rice crop variety, the globalization of rice crop Oryza Sativa has been slowly replacing the African variety. The author also starts
This highlights that a core principal of economics is the decisions and choices to be made in order to manage limited resources. Furthermore, that microeconomics pertains to the behaviours that affect these decisions and choices made at an individual level. As demonstrated by the avocado industry recently, motives and variable factors for increases/decreases in supply and demand will not always be transparent to the consumer. Therefore, to have an understanding of the concepts of microeconomics and the market can elucidate the individual consumer’s decision making rationale rather than making
6 framework I and many others regularly use in analysis of marketing situations. We supplemented
middle of paper ... ... 113-117. 429-477. Gans, King and Mankiw 1999, Oligopoly' in Principles of Microeconomics, eds. Janette Whelan, Harcourt Brace & Company, Australia, pp.
“Microeconomics and macroeconomics can be described in terms of small-scale vs. large-scale or in terms of partial vs. general equilibrium. Perhaps the most important distinction, however, is in terms of the role of equilibrium. While issues in microeconomics seldom challenge the notion of a naturally occurring equilibrium, the existence of business cycles and, especially, unemployment suggests too many observers that macroeconomics raises issues of a different character.” (McConnell & Brue, 2004).
Rice is the staple food of many Asian and South Pacific countries. Rice is a major portion of these countries economic and agricultural systems. In places such as India, they used to eat brown rice, which is more nutritious because the outer bran layer is not removed during the milling process. When the British came to India they introduced white rice, which means the milling process has been taken to one further step. This reduces the amount of nutrients such as thiamine. White rice is now the major type of rice eaten in these Asian and Pacific countries. This has led to serious problems of malnutrition. Since normal rice does not have any beta-carotene, which is the precursor to Vitamin A, these populations are having vitamin a deficiencies. The World Health Organization stated that about 250 million people worldwide are at risk of permanent blindness, iron deficiency in women, and other serious ailments due to their lack of vitamin A. This genetically modified rice, known as “golden rice” has been created to meet the nutritional needs of these malnourished populations.
There are many industries. Economist group them into four market models: 1) pure competition which involves a very large number of firms producing a standardized producer. New firms may enter very easily. 2) Pure monopoly is a market structure in which one firm is the sole seller a product or service like a local electric company. Entry of additional firms is blocked so that one firm is the industry. 3)Monopolistic competition is characterized by a relatively large number of sellers producing differentiated product. 4)Oligopoly involves only a few sellers; this “fewness” means that each firm is affected by the decisions of rival and must take these decisions into account in determining its own price and output. Pure competition assumes that firms and resources are mobile among different kinds of industries.
Amacher, R., & Pate, J. (2013). Microeconomics principles and policies. San Diego, CA: Bridgepoint Education, Inc.
Scale Economies: the industry contains several very large players and multiple medium to small players
The Bank for Agriculture and Agricultural Cooperatives (BAAC) has stated the disadvantages of the Rice Mortgage Scheme. The deficit of the government’s finance ...
At the point when the rice products are reaped, there must be arrangements in numerous territories to pick up the most elevated benefits from them: setting up a typical drying space, storehouses, rice plants, and in addition collaborating in offering the create to acquire great costs and cut down on costs.
In this chapter, I came out with three main ideas of literature review that this literature review may help in order to find the answer for my research question. This literature review divided into three main parts, it is about the variety of the vegetable, the transport for the vegetable and the pricing of goods.
What is Microeconomics? This question was left unanswered when I initially enrolled in this course. Microeconomics is the social science that studies the implications of individual human actions, specifically about how those decisions affect the utilization and distribution of scarce resources. Microeconomics shows how and why different goods have different values, how individuals create more efficient or more productive decisions, and how individuals best coordinate and cooperate with one another. Microeconomics does not try to explain what should happen in a market, but instead only explains what to expect if certain conditions change. For instance, If the price of the new iPhone 8 is higher than the previous model will the consumer buy it? There are several elements that will play into getting an answer for this question, but gives you a general idea of what microeconomics entails.
Today, India is the second most populous country in the world. The culture of India is also among the oldest to survive, reaching back to nearly 5,000 years. India received their inde-pendence from Britain on August 15th, 1947, thus allowing them to become the most populous democracy in the world. There are many aspects as to what makes India unique, one principle in particular is their food. Indian cooking is vivid, exquisite, and simply delicious. It depends on a wide variety of spices, herbs, and grains for its specific taste. The different types of food which India carry include basic spices, traditional foods, and tasty snacks. It is notable that India has been one of the world’s main dealer of spices for at least 3,600 years.
It generates the employment for people, poverty alleviation, and socioeconomic uplift in the country (Hussian et al., 2014). This sector provides the employ about over 30 million people, most of them live in rural areas of the country (Rehman, Jingdong, Chandio, & Hussain, 2017). Almost 90 percent of livestock is owned by smallholder farmers and landless rural households (Ahmad, 2013). These smallholder farmers (owning less than 2 hectares of land) and landless livestock smallholders’ farmers depend on income from the sale of animal milk and meat to their daily expenditure. Almost 55 million landless or smallholder farmers contribute the milk production in the country (Zia, 2009). Generally, more than 50 percent smallholder dairy farmers owned 1 to 4 animals herd size in the country (Zia, 2009). Mixed farming is a farming system where farmer conduct various agricultural activities together on a single farm for increasing his income through different sources (Mishra, 2010). Even in the mixed farming systems, livestock is the major source of cash income for poor rural smallholder dairy farmers (Ahmad, 2013). The smallholder dairy farmers get their income about 30 to 40 percent from livestock-related activities (Zia et al.,