Demand & Supply Essay Example | Topics and Well Written Essays - 500 words

Demand & Supply - Essay Example Law of supply, on the other hand, proposes that firms would supply more of a good at a higher price than they would at a lower price. Again all other factors, notably scarcity of the good, are held constant. This results in an upward sloping supply curve. The market equilibrium is attained at a point where the demand and supply curves intersect giving us the equilibrium price. In this analysis the impact of an increase in consumer income is shown by a shift in demand curve outside. On this demand curve the consumer demands more of the good at the same price. Similarly a specific choice pattern of consumer would result in a differing demand curve. For instance take the example of a consumer who is collector of paintings from a particular historic period. This consumer can pay any price for a desired painting up to a certain point and his demand curve may be shaped accordingly. Whereas the supplier would continue to be governed by the basic law of supply.

Organic Farming in Saudi Arabia Essay Example | Topics and Well Written Essays - 4250 words

Organic Farming in Saudi Arabia - Essay Example One of the most significant expositions of the aims and principles of organic farming is presented in the International Federation of Organic Agriculture Movements' (IFOAM) basic standards for production and processing (Anonymous, 68). "To create integrated, humane, environmentally and economically sustainable agricultural production systems, which maximize reliance on farm-derived renewable resources and the management of ecological and biological processes and interactions, so as to provide acceptable levels of crop, livestock and human nutrition, protection from pests and diseases, and an appropriate return to the human and other resources employed". In some respects, this definition stands as the complete opposite to conventional productivist agriculture, which implies extensive use of artificial inputs such as fertilizers and pesticides designed to increase productivity in food production. Introduction, intensification and optimization... In some respects, this definition stands as the complete opposite to conventional productivist agriculture, which implies extensive use of artificial inputs such as fertilizers and pesticides designed to increase productivity in food production. Organic Farming in Saudi Arabia: A Proposal Goal Introduction, intensification and optimization of organic production, environmental protection and the promotion and supporting the access of Saudi organic products to local, regional and international markets. Purpose: The project has the specific purpose of the increased involvement of Saudi Arabia in promoting Organic Agriculture. The introduction could offer diverse benefits, such as income generation, natural resource conservation, food self-sufficiency and social development. Outputs & Major activities To achieve Output A. Output 1-Information about the current situation in the concerned countries regarding market and organic production of olives, dates, cotton, and medicinal and herbal plants is collected, and analyzed. Activities: Carrying out the information survey. Data Collection and analysis. Interpretation of results, conclusions and recommendations. B. Output 2-Organic Agriculture in selected sub-sectors (olive, date palm, and cotton, medicinal and herbal plants) in Saudi Arabia is strengthened. Activities: Setting- up new Information Centers (IC) / Focal points Equip with required information and technical literature. Collection and analysis of existing information. Development of individual work plans for each IC. Development of contacts with the local OA movements to promote OA in Saudi Arabia. C. Output 3- Participation and capacity in the structures and membership of