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

What is the most direct disadvantage of lack of market information in agriculture?

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Answer and explanation

Correct answer: The farmer may sell at a low price or fail to choose a suitable buyer

Without price and demand information, bargaining can become weak. Exam tip: connect information with market power.

Tags

home-sciencemarket-informationprice-realisationbargaining

Frequently asked questions

What is the correct answer to this question?

The farmer may sell at a low price or fail to choose a suitable buyer

Why is this the correct answer?

Without price and demand information, bargaining can become weak. Exam tip: connect information with market power.

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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