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Question
Imagine two developing countries X and Y. They decide to import logistics support from a developed country Z and employ it in the field of agriculture. Agricultural production increases in both X and Y. Country X discourages private players from interfering in agriculture, whereas Y allows private players to participate. The fruits of agricultural production reach the masses in the country X, whereas in the country Y, the private players exploit the resources for their own profit.
Identify the type of economy and economic growth in the countries X and Y.
Imagine two developing countries X and Y. They decide to import logistics support from a developed country Z and employ it in the field of agriculture. Agricultural production increases in both X and Y. Country X discourages private players from interfering in agriculture, whereas Y allows private players to participate. The fruits of agricultural production reach the masses in the country X, whereas in the country Y, the private players exploit the resources for their own profit.
Identify the type of economy and economic growth in the countries X and Y.
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Solution
The correct option is B X: Social system and progress in agriculture
Y: Market system and development in agriculture
Country X adopted a social system that barred private players. As a result, the agricultural production reached the masses and achieved overall economic development. Country Y adopted a market system that allowed private players. Even though it witnessed an increase in agricultural production, it never reached the masses due to the exploitation by private players. Therefore, country Y was able to achieve agricultural progress but not agricultural development.
Y: Market system and development in agriculture
Country X adopted a social system that barred private players. As a result, the agricultural production reached the masses and achieved overall economic development. Country Y adopted a market system that allowed private players. Even though it witnessed an increase in agricultural production, it never reached the masses due to the exploitation by private players. Therefore, country Y was able to achieve agricultural progress but not agricultural development.
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