what is a buffer stock
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Explanation:
A buffer stock scheme is an attempt to use commodity storage for the purposes of stabilising prices in an entire economy or an individual market. Specifically, commodities are bought when a surplus exists in the economy, stored, and are then sold from these stores when economic shortages in the economy occur.
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Answer:
Buffer stock:- refers to an amount of physical stock which the Government keeps on hand to protect against unexpected supply and demand variations. It is a stock of food grains (wheat and rice) which is procured by the Government through the Food Corporation of India (FCI).
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