The quantity of agricultural output obtained per unit area of land
Explanation
In economics and agriculture, productivity is measured by the relationship between inputs and outputs. "Yield" specifically refers to the physical productivity of land, which is a primary factor of production in agriculture.Detailed Analysis:
- The monetary value realised from the sale of agricultural output is incorrect: The monetary value realized from sales represents revenue or income, not the physical productivity of the land.
- The quantity of agricultural output obtained per unit area of land is correct: Yield is technically defined as the quantity of crop produced on a given unit of land. It is typically expressed in physical units such as kilograms per hectare (kg/ha) or quintals per acre. It serves as a key indicator of land efficiency.
- The volume of inputs applied per hectare during cultivation is incorrect: The volume of inputs (such as fertilizers, seeds, or water) applied per hectare indicates input intensity, not the output generated.
- The marketable surplus remaining after self-consumption is incorrect: The portion of produce remaining after the farmer's self-consumption is termed "marketable surplus," which is a subset of the total production, not the yield itself.
Key Takeaway: Agricultural yield is a physical measure of land productivity calculated as Total Production divided by Total Land Area.