Economy, asked by vishavjasrotia5684, 1 year ago

How does the support price protect the intrest of farmers

Answers

Answered by rangeremoboyofficial
2

Sometimes, in order to protect the interests of producers specially farmers government fixes the minimum price of the commodity which has to be paid to the producers. This price is generally higher than the equilibrium price. ... Therefore, the system of support price is usually followed in case of agricultural products.

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