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Explain Why the Prices of Farm Products Are Subject to Abrupt

question 11

Essay

Explain why the prices of farm products are subject to abrupt short-term swings.


Definitions:

Nonrenewable Resource

A natural resource that cannot be replenished at the same rate it is consumed, such as fossil fuels, minerals, and certain metals.

Future Profits

Anticipated earnings or profits that a business expects to generate in the future based on current plans and projections.

Current Extraction

The process of removing natural resources from the environment for immediate use.

Decrease

A reduction in size, number, value, or extent.

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