What term is used for a crop cultivated primarily for commercial sale?

Multiple choice question for Basic of Economics. Select an option, then review the explanation below.

Explanation

A crop that is grown mainly to be sold for profit is known as a cash crop. Unlike subsistence crops, which are grown for personal use, cash crops are cultivated to generate income.

Practice related questions from the same subject.

1.Which of the following best describes deflation?
2.Under what condition can two nations benefit from engaging in international trade?
3.Which of the following represents a legitimate form of currency?
4.Which political ideology is best summarized by the phrase, "From each according to his ability, to each according to his needs"?
5.Which type of currency experiences a decline in its exchange rate due to a continuous balance of payments deficit?

What term is used for a crop cultivated primarily for commercial sale?

Explanation

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