Question

______ 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. 

Options

• Marketable surplus

• Profit

• Gain

• None of the above

Answer 1

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. 

Explanation:

The difference between a farmer's entire output and his on-farm consumption is referred to as marketable surplus. In other words, it is the share of total output sold in the market by the farmer.