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Identify and explain the following concept: Rajaram produced 25 quintals of wheat in his field; from it, he kept aside 2 quintals of wheat for his own family use. - Economics

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Question

Identify and explain the following concept:

Rajaram produced 25 quintals of wheat in his field; from it, he kept aside 2 quintals of wheat for his own family use.

Explain

Solution

Concept: Marketable Surplus

Explanation:

Marketable surplus refers to the portion of agricultural produce that remains with the farmer after meeting their personal consumption needs. In this case, Rajaram produced 25 quintals of wheat and kept 2 quintals for his family's use. The remaining 23 quintals are the marketable surplus, which he can sell in the market.

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