ABSTRACT
The incorporation of Africa into the world economy, the traditional systems of resource use and management came under severe pressure. Sustainability in an economic context implies a stable and satisfactory relationship between agricultural production and consumption, implying a population level or growth rate that is supportable on a long-term basis. The economic profitability of alternative stocking rates can be assessed by means of economic efficiency analysis. Sustainability of agricultural production will depend on the technologies’ technical feasibility, social acceptability and environmental-conserving capacities. In market and emerging economies, capital markets are well developed, but in developing African countries only a few of them have stock markets. In capital markets, interest rates play a critical catalytic role in domestic resource mobilization and capital flows. In the field of labour market, price distortion was brought about by the operation of the minimum wage legislation commonly practised in Africa.
