Social Sciences, asked by sidharthkumar161005, 9 months ago

why does government bear a part of cost of production of some commodities

Answers

Answered by rishikadeshpande06

1

Answer:

In order to protect the interest of consumers government fixes the maximum price of the commodity. ... This price is fixed by the government because poor people can not afford to buy the commodity at equilibrium price. This situation arises when the production of a commodity is less than its demand.

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