Question

6. Critically examine the following:

(a) Government intervention in agricultural market

(b) Comparative advantage theory of international trade. (9, 9.75)

लिम्नलिखित कह आिरचिात्मक लववेचिा कहलिये:

(a) कृ लष बाजार मेंसरकारह हस्तक्षेप,

(b) अोंतराणष्टरहय व्यापार का तुििात्मक िाभ का लसद्धाोंत |​

Answer 1

Explanation:

Governments have employed various measures to maintain farm prices and incomes above what the market would otherwise have yielded. They have included tariffs or import levies, import quotas, export subsidies, direct payments to farmers, and limitations on production.