ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In a ____ economy, a farmer grows enough food to feed his family and usually has a little extra to trade with others.
A
Command
B
Market
C
Mixed
D
Traditional
Explanation: 

Detailed explanation-1: -Subsistence agriculture occurs when farmers grow food crops to feed themselves and their families. In subsistence agriculture, farm output is targeted to survival with little or no selling of surplus crops.

Detailed explanation-2: -Subsistence agriculture is the production of food primarily for consumption by the farmer and mostly found in less developed countries. In subsistence agriculture, small-scale farming is primarily grown for consumption by the farmer and their family.

Detailed explanation-3: -These are subsistence farming and commercial farming. This type of farming is practised to meet the needs of the farmer’s family. Traditionally, low levels of technology and household labour are used to produce on small output.

Detailed explanation-4: -Subsistence agriculture occurs when farmers grow food crops to meet the needs of themselves and their families on smallholdings. Subsistence agriculturalists target farm output for survival and for mostly local requirements, with little or no surplus.

There is 1 question to complete.