How can collective purchase arrangements affect input cost in agriculture?
Answer and explanation
Correct answer: Bulk purchase can reduce per unit cost
Collective buying can help reduce cost for small farmers. In exams, remember economies of scale.
Frequently asked questions
What is the correct answer to this question?
Bulk purchase can reduce per unit cost
Why is this the correct answer?
Collective buying can help reduce cost for small farmers. In exams, remember economies of scale.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Traditional occupations in India - Agriculture.