describe Minimum Support Price (MSP)!
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Answer:
Minimum support price (MSP) means the minimum price offered by the government to the farmers for their crop which ensures that the farmers won't be worse off even though the price of goods in market is very poor
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Answer:msp is the minimum price offered to produce of farmers, so that if the monsoon or crop failure occurs they can sell their items at a reasonable cost.
Explanation:
This rate is to safeguard the farmer to a minimum profit for the harvest, if the open market has lesser price than the cost incurred.
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