Determinants of Marketed Surplus in the Context of a Backward Economy: A Case Study of South Assam

摘要

Experience in the Indian economy reveal that a rise in the price of foodgrains raises the general price, level, since the Indian economy is based on "foodgrain standards" unlike "wage standards'5 of developed nations (Sengupta, 1997). Any unwarrantedbehaviour of marketable surplus, especially in the Indian context, can be wrought with dangerous consequences for the economy as a whole with such price sensitivity. One therefore, cannot agree more with the opinion ofW. II. Nichollas, who maintains that, until the underdeveloped countries succeed in achieving and sustaining a reliable food surplus, they have hot fulfilled the fundamental preconditions for economic development—(Nichollas, 1963).