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Surplus production occurs when too much of a good is produced. Supply then outweighs the demand.
total production - self consumption = market surplus
two levels of production are: 1-subsistance production2-surplus production
the main difference between surplus and subsistance production are:-subsistance production you only produce or generate enough goods or services for your coutry an with surplusproduction you have sufficient amount of goods for your country an for trading
One advantage is that with a surplus is that you can sell the extra crops for a profit.. Other advantages would be that you could store the extra for later use or when times are hard.
Surplus production occurs when too much of a good is produced. Supply then outweighs the demand.
total production - self consumption = market surplus
two levels of production are: 1-subsistance production2-surplus production
NOOO stupid
the main difference between surplus and subsistance production are:-subsistance production you only produce or generate enough goods or services for your coutry an with surplusproduction you have sufficient amount of goods for your country an for trading
One advantage is that with a surplus is that you can sell the extra crops for a profit.. Other advantages would be that you could store the extra for later use or when times are hard.
advantages of small scale production
One advantage is that with a surplus is that you can sell the extra crops for a profit.. Other advantages would be that you could store the extra for later use or when times are hard.
One advantage is that with a surplus is that you can sell the extra crops for a profit.. Other advantages would be that you could store the extra for later use or when times are hard.
i dont known
Economic specialization
economic specializtion