Since roughly 1950, total revenues in the farming sector have decreased, and since 1980 total revenues in computer chips have increased.
Agriculture, food, and related industries contributed $1.half trillion to the U.S. gross domestic product (GDP) in 2020, a five. zero-percentage share. The output of us's farms contributed $134.7 billion revenues of this sum—approximately 0.6 percent of GDP.
International, the proportion of individuals who work in agriculture has dropped from 44% in 1991 to 26% in 2020, consistent with facts from the worldwide hard work agency. That is partly down to the developing use of agricultural technology, however, it also factors to bigger trouble: many humans don't need to work on farms anymore.
In our opinion, the most important internal factors along with inadequate public funding for agrarian improvement, insufficient get admission to institutional credit, inadequate irrigation centers, government's bad agriculture-related advertising and marketing regulations, 1/2-baked land reform coverage, and low return from agriculture are accountable.
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