Global Markets and price fluctuations
Define Demand
The amount of a product that consumers are willing and able to buy at a various possible prices one they are free to express their preferences
Exports from which sector has a major impact on the income of Caribbean countries
Agricultural sector
Why are the standards required for certification important?
They are important for guaranteeing the saftey of farm produce.
Define Supply
Supply is the quantity of that product that is offered for a sale at various prices, other things being equal
What would happen if no global markets were available to sell produce.
No revenue would be generated which would cause there to be no money to pay workers
The process of certification is often ______
Expensive/Cumbersome/Diffucult
What happens to supply and demand when the price of a produt decreases/increases
As the price of a product rises, the supply increases and demands for that product fall and vice versa
What do cheaper imports of agricultural products do to farms?
They threaten their viability and increase food insecurity.
What happens when a country is not certified.
If a country is not certified it could limit it's abiliity to export produce.
What can an increase in the price of things such as agrochemicals and machinery do to farmers?
The price increases can seriously undermine the economic viability for the farmer
It requires protection, commitments by Caribbean governments and interntational agencies
If farmers are not able to export their produce what may farms have to do and what will it cause?
Eventually they may have to stop thier farm opertations which would leave people unemployed and also will lead to a loss of revenue and decline in GDP
_____ could be affected if products become too expensive to produce.
What can farmers do to help maintain ______
and if they don't what will happen
Agricultural sustainability
To rectify this this farmers can seek ways to better their produce better but if they can the farmer may suffer a great loss and lose its economic sustainability.
What is crucial to achieve sustainable agricultural development
Consideration of the human rights of disadavantged groups.
While standatds may aim to promote practcies that are __________,_______ and __________ and ensure the saftey........