Economics of Aquaculture

Abstract

Economics of Aquaculture Economic Terminology Functions of an Economic System Demand and Supply of Fish Consumer Demand Elasticity of Demand Competitive Market Equilibrium Production The Production Function Optimizing the Use of a Single Resource Cost of Production Short Run Production Costs Simulated Cost Curves for Catfish Factor-Factor Relationship How to Combine Input and Output Profit Maximization Farm Management Farm Income and Budget Analysis The Enterprise Budget The Time Value of Money Present Value Versus Future Value Capital Budgeting Risk Management Market Structure and Theory of Price Conditions for Pure and Perfect Competition Marketing Marketing Functions Marketing Channels Government in Aquaculture Economics of Support Policies.