Economic Analysis of Marigolds and Rose Business in District Peshawar

Abstract

Flowers are used for expressing or exhibiting the innermost feelings to the beloved ones or complementing any one or versifying any conceivable emotions. This piece of work examined the Cobb-Douglas production function to highlight the various inputs impacts on the yield of two major flowers: rose and marigolds and to highlight most productive flower variety between marigolds and rose. A survey was carried out in the two villages of district Peshawar (Khyber Pakhtunkhwa) namely Shahab Kheil and Bazid Kheil in 2016. Primary data was collected from 120 respondents randomly through well-designed questionnaires. The allocation of sample size was made by proportional allocation method in the selected villages. The mean revenue of marigolds and rose flowers was Rs. 140674 and Rs. 146174 respectively. t- Test was used for comparison of marigold and rose and concluded that rose is more productive than marigold. In order to show input output relationship COBB-DOUGLAS Production function was used and concluded that labour (days), seed, fertilizer, tractor (hours) and pesticides are significant and irrigation insignificant in case of marigolds, while in case of rose labour(days), seed and fertilizer turned out significant and tractor (hours) and pesticides insignificant.