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Luxury Crop

Definition

A luxury crop is a type of agricultural product grown mainly for export, which can fetch high prices on the international market due to its perceived quality or scarcity.

Analogy

Imagine if instead of just any cookie, you started making gourmet chocolate chip truffle cookies for your bake sale. These aren't just any old snack - they're special treats that people are willing to pay more for because they're seen as luxurious or rare. That's what luxury crops are like in agriculture.

Related terms

Cash Crop: A cash crop is any crop that is grown primarily for selling rather than being used by the farmer themselves (like cotton or tobacco). Your gourmet cookies could also be considered a cash crop since they're made primarily to sell at a profit.

Agricultural Revolution: This term refers to the significant changes in agricultural practices, such as mechanization or the use of genetically modified crops, that can increase efficiency and yield. It's like if you found a way to make your gourmet cookies faster or better.

Monoculture: This is the practice of growing a single crop or plant species over a wide area for many consecutive years. It's like if you only made chocolate chip truffle cookies and nothing else for your bake sale.

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AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.