on the basis of the same:- Subsidies are a created administered device intended for use only until such time the basic setup of the program of activity can take up its own protection through its required competitiveness. If it fails to happen there is no reason to protect it. The trend that the beneficiaries of subsidies expect them for every new program and hope continuance of subsidies is noteworthy. Economist advocate that subsidies should be selective for Limited and specially targeted for weaker sections only. Subsidies alter relative prices and budget constraints and thereby affect decisions concerning production, consumption and allocation of resources. Like many other countries, subsidies in Indian economy are pervasive. These are explicit or hidden and include the areas such as education, health, environment and variety of economic activities including agriculture and transport. 10. Agriculture subsidy is more important because new technology is seen as _____( risky /favourable) by the farmers.
answer- Risky
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