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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- Q:-
Match the following:
1. Prime Minister
2. Gross Domestic Product3. Quota
4. Land Reforms
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6. Subsidy
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B. Quantity of goods that can be importedC. Chairperson of the planning commission
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E. Improvements in the field of agriculture to increase its productivity
F. The monetary assistance given by government for production activities.
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Why did India opt for planning?
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Why should plans have goals?
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