Farming around the globe continues to become more productive whereas generally accounting for a smaller share of employment and national earnings, though in some poor countries it remains the sector on which the country and its individuals rely. Farming, forestry and fishing in 1913 accounted for 28% of employment within the United States, 41% in France and 60% in Japan, but only 12% within the UK. Now the proportion of the workforce employed in such actions has dropped below 6% in these and most other industrialised countries. A winner of the Nobel Prize for economics and a number one determine in the Chicago School of Economics, Milton Friedman taught at the University of Chicago for over 30 years. His analysis centered on a variety of areas, together with financial principle, monetary history, consumption evaluation, and stabilization policy.
It is not the case anymore that one particular personâ€™s or one nationâ€™s … Read More