Economy, asked by ramyateja9603, 2 days ago

write the economic justification of policy of subsidies ? lenghty answers

Answers

Answered by madhavkumarbangwal

0

Explanation:

A production subsidy encourages suppliers to increase the output of a particular product by partially offsetting the production costs or losses. The objective of production subsidies is to expand production of a particular product more so that the market would promote but without raising the final price to consumers.

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