what is buffer stock and FCI stands for?
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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. FCI stands for Food Corporation of India
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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.
FCI stands for food corporation in India.
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