Over the Past 50 Years, Technological Innovations Have Significantly Decreased

question 220

Essay

Over the past 50 years, technological innovations have significantly decreased the costs associated with farming and the production of food. At the same time, however, the profits associated with farming have also decreased significantly. Using the concept of elasticity of demand, explain why farmers' profits have been falling as costs of production have also been falling.

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Definitions:

Birth-Control

Methods or devices used to prevent pregnancy.

Planned Parenthood

Planned Parenthood is an organization that provides reproductive health care and information, including family planning and sexual health services, to millions globally.

Honesty

The quality of being truthful, sincere, and free from deceit.

Focused Freewriting

A timed writing approach where an individual writes continuously about a specific topic with the aim of generating ideas without concern for grammar or spelling.