Many economists suggest that Minimum support prices for various agricultural commodities should be replaced by a system of price deficiency payments to farmers. Do you agree with the view? Critically discuss? (250 W/ 15 M)

Mentor’s comment Very good and technical question and covers a topic specifically mentioned in the syllabus. If you are unaware … Continue reading Many economists suggest that Minimum support prices for various agricultural commodities should be replaced by a system of price deficiency payments to farmers. Do you agree with the view? Critically discuss? (250 W/ 15 M)