Question

Difference between marketed and marketable surplus

Answer 1

very agricultural commodity is, in fact, produced for sale in the market to earn some cash income and thereby meet many other family requirements which are not satisfied on the farm. Even foodgrains which are grown by the farmers are not merely meant for satisfying his own family requirements but are also meant for satisfying the needs of non-farming population in the towns and cities. But of course, the surplus available for sale varies from farmer to farmer for various reasons. This is also true for other food crops like edible oilseeds, fruits, vegetables, milk, eggs,etc. All the produce of these crops is not available for sale because some quantities are retained for seed purpose, home consumption, gifts to friends and relatives and some quantities are lost due to spoilage, etc. Thus, two concepts viz. "marketable surplus" and "marketed surplus" have been coined to ascertain the quantity of produce available for marketing and the quantity actually marketed. The quantities are estimated as mentioned below:-

1. Production on a farm.
2. Utilization.
Seed purpose.
Home consumption.
Gifts to friends and relatives.
Kind wages to labour. Total ( a to d)
3. Marketable surplus (1 - 2)
Losses due to spoilage
Marketed surplus(3-4)

Answer 2

In competition law, a relevant market is a market in which a particular product or service is sold. ... A relevant geographic market comprises the area in which the firms concerned are involved in the supply of products or services and in which the conditions of competition are sufficiently homogeneous.