The role of agriculture in economic development is significant from "summary" of Theory of Economic Growth by W. Arthur Lewis
The importance of agriculture in the process of economic development cannot be overstated. Agriculture not only provides food for the population but also serves as a key sector for generating income and employment opportunities. In many developing countries, a significant portion of the population is engaged in agriculture, making it a crucial driver of economic growth. Agriculture plays a vital role in the overall development of an economy by contributing to the growth of other sectors. The surplus generated from agriculture can be used to finance industrial expansion and infrastructure development, which are essential for sustained economic progress. Additionally, agriculture provides raw materials for industries, thus supporting the growth o...
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