Economics in agricultural research - a projectised approach
1992
Beckles, K.
Research requires the traditional inputs of land, labour and capital in order to achieve some quantifiable benefits. Because these resources are usually limited, developing countries have to decide how best to apportion these scarse resources among competing uses. The question whether to engage in Bacic or Adaptive Research must also be answered. Since the economic factors of production are utilised in research and have to be allocated on a priority basis among competing claimants, distribution should be done on a rational and objective basis. Each resource should best be used in the area where they can generate maximum benefits for the economy. These decisions should properly be grounded in the field of economics, with the requisite support from such disciplines as planning, engineering and sociology.
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