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I need to write an essay for my school base assessment. My topic chosen is "An...

I need to write an essay for my school base assessment. My topic chosen is "An investigation into market failure in the agricultural sector in my country" . Please brief me on some possible aims and objectives for my essay. Also I need assistance on the contents I need to include in the body of my essay. How should I formulate my essay. I need some

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Answer #1

A market is said to fail when it is unable to efficiently allocate all its resources. There are many reasons of market failure in the agriculture sector of the US.

The aims and objectives of the essay should be to 1. Highlight the role of development of agricture in US economy. 2. Discuss the problems faced by the sector. 3. Discuss how the US government is helping the agriculture sector

You can divide your essay in the above 3 sections.

second objective is very important for your essay. You should discuss the various types of market failures in U.S agriculture market. Some of the major market failures in sector are listed below, you need to explain all of them briefly in your essay.

a. Volatile price (which eventually effects the supply )

b. Low or uncertain income of the farmers.

c. Negative externalities due to intensive farming.

d. Lack of appropriate technology

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