Difference between marketable surplus and marketed surplus
Answers
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.
Surplus is the amount of product that a company manufactures or produces in excess of what is necessary to continue operations. Marketable surplus is a term that agriculturalists use to refer to a specific type of surplus that farmers and ranchers deal with.
A Market Surplus occurs when there is excess supply- that is quantity supplied is greater than quantity demanded. In this situation, some producers won't be able to sell all their goods. This will induce them to lower their price to make their product more appealing.