Class 11 Economics - Indian Economic Development - Chapter Indian Economy 1950-1990 NCERT Solutions | What is marketable surplus?
What is marketable surplus?
Marketable surplus refers to the difference between the total output produced by a farmer and his on-farm consumption. In other words, it is that portion of the total output that the farmer sells in the market.
Marketable surplus = Total farm output produced by farmer - Own consumption of farm output.
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6. Subsidy
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F. The monetary assistance given by government for production activities.
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