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Q.

Production for self-consumption is commonly referred to as ____ production .


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Detailed Solution

Production for self-consumption is commonly referred to as subsistence production.
Subsistence production is the total output of the producers for domestic use. These aren't primarily designed to be sold again on the open market. These are intended to meet the family's needs—dependence on the market and volatility. About 80% of people living in rural areas rely on subsistence farming and other supplemental income-generating activities. Non-marketed subsistence production makes for around half of all agricultural output.
 
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