ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -subsistence farming, form of farming in which nearly all of the crops or livestock raised are used to maintain the farmer and the farmer’s family, leaving little, if any, surplus for sale or trade.

Detailed explanation-2: -Agriculture is the practice of cultivating natural resources to sustain human life and provide economic gain. It combines the creativity, imagination, and skill involved in planting crops and raising animals with modern production methods and new technologies.

Detailed explanation-3: -Livestock agriculture is concerned with raising and maintaining livestock, primarily for the purposes of producing meat, milk, and eggs. Livestock agriculture also includes wool and leather production and may include animals kept for recreation (riding or racing) and draft.

Detailed explanation-4: -Subsistence farming, or subsistence agriculture, is when a farmer grows food for themselves and their family on a small plot of land. Unlike other types of farming, subsistence farming is focused more on survival. There is very little or no emphasis on trading and selling goods or operating as a business.

Detailed explanation-5: -Subsistence agriculture occurs when farmers grow food crops to meet the needs of themselves and their families on smallholdings.