Agriculture Quote by David Ricardo
“Profits might also increase, because improvements might take place in agriculture, or in the implements of husbandry, which would augment the produce with the same cost of production.”
About This Quote
Source Treatise: Principles of Political Economy and Taxation, 1817
Economic improvements in agriculture or animal husbandry can boost output without raising production costs, potentially raising profits.
In simple terms: Better farming methods can increase profits without extra cost.
Invest in efficient agricultural practices.
Themes
Mood
Type
When to use this quote
- business growth
- farm management
- policy planning
- investment decisions
Key Concepts
Questions to Reflect On
- What barriers prevent farmers from adopting new methods?
- How can policy encourage sustainable productivity?
Assumes technology adoption is feasible for all producers.