On what basis should a farmer choose between local and distant markets?
Answer and explanation
Correct answer: On comparative assessment of transport cost, perishability, price and demand
Market choice requires looking at both cost and expected price. Exam tip: link market decision with comparative analysis.
Frequently asked questions
What is the correct answer to this question?
On comparative assessment of transport cost, perishability, price and demand
Why is this the correct answer?
Market choice requires looking at both cost and expected price. Exam tip: link market decision with comparative analysis.
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.