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Agronomics, the original name for Agricultural Economics, was the application of economic ideas to the production of crops and cattle. Agronomics was the study of economics with a focus on land use. It was centred on increasing crop yields while preserving a healthy soil ecology. The discipline developed over the course of the 20th century, and it now has a far wider reach. Nowadays, agricultural economics encompasses a wide range of applied fields and shares a great deal of ground with traditional economics. The distribution of resources under shortage is the subject of economics. Around the turn of the 20th century, agronomics—the application of economic principles to agricultural producers' decision-making—became increasingly popular. Works on land economics might be linked to the topic of agricultural economics. After looking at the organisation and structure of the agricultural sector, this book covers the fundamentals of macro- and microeconomics and how they relate to agriculture. Economics principles are employed to show the pupil that theory does, in fact, make reality more understandable.