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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.” quote by David Ricardo
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“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.”

David Ricardo

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.

Key Takeaway

Invest in efficient agricultural practices.

Themes

economics agriculture productivity

Mood

analytical pragmatic

Type

economic educational

When to use this quote

  • business growth
  • farm management
  • policy planning
  • investment decisions

Key Concepts

costefficiency innovation resourceallocation

Questions to Reflect On

  • What barriers prevent farmers from adopting new methods?
  • How can policy encourage sustainable productivity?
A Different Perspective

Assumes technology adoption is feasible for all producers.

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