Marketed Surplus Function of Major Agricultural Commodities in Pakistan

Mohammad Raquibuzzaman
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Mohammad Raquibuzzaman: Pakistan Institute of Development Economics

The Pakistan Development Review, 1966, vol. 6, issue 3, 376-394

Abstract: The marketed surplus of agricultural commodities plays a significant role in the economic development of a low-income country where agriculture is the principal source of income. This surplus is the main source of capital accumulation, since it provides the basic wage goods to the urban sector. A rise in the marketed surplus makes the terms of trade favourable to the urban sector which enables it to enhance the size of its profits. This, in tum, helps the rapid growth of the economy. The marketed surplus not only provides the nonagricultural sector with food, but also enables it to get raw materials, liquid capital and foreign exchange. It reduces the need for importing food-stuffs and thus relieves pressures on the balance of payments. The role of marketed surplus in economic development is so well known that further elaboration is superfluous

Date: 1966
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