Which of the following statements correctly defines 'marketed surplus'? |
The portion of agriculture produce which is sold in the market by the farmers The value of all the agricultural goods sold in the market in one financial year The portions of agriculture produce which is exported The monetary assistance given to the farmers by the government for production activities |
The portion of agriculture produce which is sold in the market by the farmers |
The correct answer is Option (1) → The portion of agriculture produce which is sold in the market by the farmers ** The correct definition of ‘marketed surplus’ is: The portion of agricultural produce which is sold in the market by the farmers Marketed surplus refers specifically to the quantity of produce that farmers actually sell in the market, which may be less than or equal to the total production after retaining some for self-consumption, seeds, or other uses. |