How did the farming industry impact the growth and development of Texas? Provide specific examples.

The success of the farming industry and the switch from subsistance farming to commercial farming led to the birth and growth of other industries in Texas. The farming industry led to the milling industry, which ground farm products including cottonseed. Out of cottonseed emerged other products such as oil, fertilizer, and so on. Texas became the biggest producer of many farmed goods, like cotton and honey, which brought in money from outside markets that flowed into the state’s economy. Farm products also increased industry growth. Cotton, cottonseed, and other resources supported factories and production of goods. The success of farming encouraged settlement of the West. The railroad also brought settlers to the frontier in greater numbers, and larger communities and cities began to grow, which benefited ranchers and railroad companies needing markets and community development to support their industries.

Explanation:

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levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.