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Class 11Home ScienceWork, Livelihood and CareerTraditional occupations in India - AgricultureHardLevel 8

What is the main difference between production risk and price risk in agriculture?

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Answer and explanation

Correct answer: Production risk relates to yield and price risk relates to market price

Production and price risks change income for different reasons. In exams, identify types of risks separately.

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agricultureproduction-riskprice-riskmarket

Frequently asked questions

What is the correct answer to this question?

Production risk relates to yield and price risk relates to market price

Why is this the correct answer?

Production and price risks change income for different reasons. In exams, identify types of risks separately.

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.

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