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...National open university of nigeria principles farm management units aea what you will learn in this course material on a two credit tells briefly to expect as read through the is first that student agricultural economics offer under introduces students essentials after successful completion be introduced more advanced aspect are presented three modules module discussed meaning and functions proper understanding nature very essential which fundamental laws built also were manager common concepts tools these include law diminishing returns substitution opportunity cost valuation depreciation by important smooth running any business input resources land labour capital entrepreneur form bulk our discussion no production can take place without them forms basis for further elaborated four various organization they single proprietorship partnership cooperatives corporate aims overall aim explain how effectively manage enterprises order achieve high profits objectives addition set some going ...