Monoculture is ?
Correct answer: A. Farming practice of growing a single crop
- A. Farming practice of growing a single crop
- B. Homogeneous Nations
- C. Homogeneous market
- D. Homogeneous business
Explanation
Monoculture means cultivating one crop, usually over a large area or throughout a farming system. Growing several different crops is known as polyculture or mixed cropping.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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