Courtyard Economy

Courtyard economy is a specific economy in which farmers provide local agricultural products and related services not just to themselves, but also to the local society, using their residential yards and surroundings as the base and their families as production and management units. Its characteristics mainly include: first, various production and management projects, various models; low investment, quick effects, high commodity rate, flexible operation, adapt to market changes; high degree of intensification; make use of idle or surplus time. Courtyard economy is an integral part of agricultural economy. The advantage of courtyard economy is that it can rationally develop specific agricultural resources, inherit and develop traditional skills, and be an important base of rural commodity production, an effective way to digest surplus labor force, a garden to improve farmers' production technology, accumulate management experience, and a route for farmers to get rich.

Edited and translated by Zhang Yifei