What is buffer stock. explain in detail .
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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.
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it is a type of food grain stock created by the govt. to ensure supply of food grains to poor and also to ensure aupply of food grains in adverse weather conditions or natural calamity.
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