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The portion of agricultural produce which is sold in the market by the farmers is known as,
Trade deficit
Marketed surplus
Subsidy
Import substitution
- Marketed surplus: This is the portion of agricultural produce that farmers sell in the market after keeping enough for their own consumption. It's crucial for the supply chain and impacts market prices.
- Trade deficit: This occurs when a country imports more goods and services than it exports, leading to an imbalance in trade.
- Subsidy: Financial assistance provided by the government to help reduce costs for producers, often used in agriculture to support farmers.
- Import substitution: An economic policy that encourages replacing foreign imports with domestic production to boost local industries.
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