Socio-economic characteristics of agriculture and the role in economic development of the Republic of Serbia and Romania

Abstract

The authors of the paper performed a comparative analysis of socioeconomic characteristics of agriculture and the role in economic development of the Republic of Serbia and Romania. The primary goal of this article was to conduct a survey in two countries during 2023, analyzing the social and economic value, using a database of 150 farms (small farms). The statistical analysis gave an insight into the basic aspects of working population in agriculture, age, level of education and management experience on the farm, value of farm production, their income structure and etc. Based on the research and comparison of certain differences in the categories of agricultural development between the Republic of Serbia and Romania, we will analyze the socio-economics characteristics of smallholders who constitute a large share of farmers in those countries and have a big influence on sustainable development and improvement of economic development.

Keywords

• economic development
• socio-economic characteristics
• agriculture