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Question
What is marketable surplus?
What is marketable surplus?
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Solution
Marketable surplus refers to the difference between the total output produced by a farmer and his self-consumption from that output. In other words, it is that portion of the total produce that the farmer sells in the market.
Marketable surplus = Total farm output produced by farmer - Own consumption of farm output
Marketable surplus refers to the difference between the total output produced by a farmer and his self-consumption from that output. In other words, it is that portion of the total produce that the farmer sells in the market.
Marketable surplus = Total farm output produced by farmer - Own consumption of farm output
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