Agricultural Reform

Ayman Shaukat
Mind Map by Ayman Shaukat, updated more than 1 year ago
Ayman Shaukat
Created by Ayman Shaukat about 4 years ago
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How it affects development and growth
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Agricultural Reform
1 Commune system replaced HRS
1.1 Sell surplus in the free market after state quota was met
1.1.1 Led to an incentive effect where there surpluses in income and food
1.1.1.1 This means more development in human and physical capital (through more food supply)
1.1.1.1.1 More investment through VTEs and more consumption as disposable income rises
1.1.1.1.1.1 Increases to AS and AD and subsequent increases in growth and GNI/capita
1.1.1.1.1.1.1 Increases to standards of living and development as a result
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