Top 6 Principles Used in Farm Management | Agriculture
This article throws light upon the top six principles of farm management. The principles are: 1. The Law of Diminishing Marginal Returns 2. Law of Equimarginal Returns 3. Law of Substitution or Principle of Least Cost Combination 4. Principle of Combining Enterprise 5. The Law of Opportunity Cost 6. Law of Comparative Advantage. Farm Management: Principle # 1. The Law [...]