The management of farm resources in a profitable and sustainable way under the given conditions by a farm household is known as a. farming system b. economic system c. commercial system d. subsistence farming ans=

Explanation:

Except when it serves a descriptive purpose, farm management is the science (and art) of optimizing the use of resources in the farm component of farm-households, i.e., in systems of Order Level 10 (see Figure 1.2), and of achieving the optimal functioning of these systems in relation to household-specified objectives; and since Order Level 10 systems consist structurally of subsystems, farm management is also concerned with the operation of subservient subsystems of Order Levels 1 to 9 in such fashion as to optimize the whole-farm system. However, for reasons discussed in Chapter 1, it is often essential, especially when dealing with small farms, that farm management extends also to the family or household component, thus its true scope extends to Order Level 12 systems. A second consideration is that the village is sometimes a more relevant unit for analysis than the farm, and where this is so the scope of 'farm' management extends to systems of Order Levels 1 to 13

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