USE OF MATHEMATICAL MODELS IN AGRICULTURAL ECONOMICS ANALYSIS
Journal Title: Journal of Ramanujan Society of Mathematics and Mathematical Sciences - Year 2017, Vol 6, Issue 1
Abstract
It has been clearly recognized that quantitative regularities play a vital role in economy. The adoption of mathematics in economics analysis brings a high level of precision to the analysis, assumptions are clearly stated, procedures are specified and the logical consistency of mathematically based models is easier to check than non-mathematical models. Therefore mathematical models represent the most appropriate methodological method of analysis. The model is based on the division of economic and technological processes in agriculture into four stages according to the agribusiness specificity. The mathematical description of four stages used in production functions is provided.
Authors and Affiliations
OP Singh, Nagendra Singh, BP Singh, Devendra Singh
Keywords
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