ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Production of agricultural products for the market is called:
A
hunting and gathering
B
sedentary cultivation
C
subsistence agriculture
D
commercial agriculture
Explanation: 

Detailed explanation-1: -The type of agriculture that is practised with the aim of selling the produce in the market to earn profit is called commercial farming or commercial agriculture.

Detailed explanation-2: -commercial crop farming is also known as agribusiness. It is a type of farming in which crops and livestock are raised to sell the products on the market for profit. Commercial farms are large farms and require huge capital investment.

Detailed explanation-3: -Commercial farming is the practice in which crops are grown exclusively for commercial purpose, i.e. for sale in the market. A large area is cultivated and huge capital is involved unlike subsistence farming. Machines are used to a large extent. Commercial grain farming is a class of commercial farming.

Detailed explanation-4: -Answer: Commercial farming, also known as agribusiness, is a farming method that involves growing crops, raising livestock, selling produce on the market, and making money. Commercial agriculture mainly produces high-demand crops.

Detailed explanation-5: -Commercial farming is a farming in which an agricultural crop is grown for sale to return a profit. Commercial crop is typically purchased by parties separate from a farm. Tobacco is an example of commercial farming.

There is 1 question to complete.