Economic Holding

Introduction

Geography is a subject that deals with the behavior of people along with environmental factors. Geographers are interested in finding out what is happening and why, or what are the changes taking place in the environment along with its reasons. They create a link between the factors which change environmental factors along with human behavior benefiting the economic conditions. Agricultural holding is another essential topic in geography, which deals with the land areas occupied by farmers for performing agricultural activities. Such areas need extra-governmental care; as such areas face several financial issues.         

Meaning of economic geography 

Economic geography deals with specific patterns or trends in the behavior of people which are responsible for shaping cultural and economic landscapes. According to the subject, there are four sectors, namely primary, secondary, tertiary, and quaternary. This field of geography holds special significance in several industries, like the appropriate location of industries, international trade, transportation, real estate, ethnic economies, and many more, where it creates a link between economic and environmental factors. Researchers in the field of geography study location, distribution, and economic activities taking place around the world. This portion of geography has huge contributions in making a place better planned, like the developed nations who have put more emphasis upon understanding the economic areas with other factors. Understanding economic geography is essential, as it provides enough logical reason for the development of nations. The subject of economics is a vast one, and so this topic of geography takes hold of the reasons behind countries that are developing, or those who are still underdeveloped. Gross domestic product and gross national product are the two concepts that are covered under this topic. Globalization is another essential aspect that lies under economic geography, while it is also an important topic for economists in today’s date.     

What are special economic zones?

Special economic zones are those areas within a particular country that have different economic rules amidst other regions within the same boundary. The rules and regulations which are implemented in special economic zones are found to be comparatively more conducive, to attract FDI. These zones are specially created for the purpose of enhancing the profit margin of the whole country by bringing in more foreign money. Special economic zones were first introduced in the 1950s, while most industrialized countries soon adopted the concept. Growth of such areas takes place more rapidly, as compared to other regions as these areas are always kept under surveillance. Special economic zones are set by the government in almost every country. Geographic locations of such zones are supportive while enhancing their export levels. However, there are several disadvantages associated with such regions within a country. Instead of it being used to attract more foreign investments, none can misuse the place for getting rid of higher taxes. On one hand there are several benefits not only for the country but also businesses or individuals operating there. On the other hand if one tries to misuse the place for their benefits then it becomes difficult for the government to manage the whole system. Such zones are also responsible for generating employment opportunities and are often used as training grounds.   

Significance of economic holding

Agricultural holding means an economic holding which is engaged in production activities in this industry, and operated by a single management system. This unit is also often engaged in several activities which are non-agricultural but holds value for the end product. Those groups which operate on the basis of contracts while providing agricultural services in exchange for a fee are also included in the list of agricultural holdings. Basic definition of an agricultural holding in India refers to the acres of land which is held for agricultural purposes. Now, there are four various categories of holdings, namely, optimum, family, economic and basic. Economic holdings are based on the quality of soil along with climatic conditions, and facilities of irrigation. Economic holdings vary in size based on the place where it is being calculated; whole basic holding is comparatively smaller than economic holding. Basic holdings provide farmers with subsistence living for all the farmers within the country. “Economy” is dynamic, as the whole concept changes continuously. For example, today if productivity increases while a significant change in farm output along with consumer goods, even a small holding becomes a viable one. Looking into the family holding, then it is found that those areas of land which are either a plow or a unit of land that have a pair of bullocks. According to the panel of land reforms, family holding units need to be provided with an annual income of Rs.1200 in average as families indulge in farming.   

Conclusion 

Economic geography holds significance in developing countries, as it studies the environmental factors connecting it with the economy of the country. Developing countries have taken care of such factors, and planned their success on the same basis. Special economic zones are those areas that are kept separate for generating more money through foreign transactions. These zones have comparatively different rules and regulations in terms of finance. Agricultural holdings, which are divided into four categories deal with the acres of land owned by farmers and are utilized for the purpose of farming activities. Even those groups which operate on a contractual basis are included in this category.