what is marketable surplus
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Marketable surplus refers to the difference between the total output produced by a farmer and his on-farm consumption.Or, we can say, the portion of agricultural produce which is sold in the market by the farmers is called marketable surplus.
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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.
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