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The minimum price at which the Govt buys the agricultural produce (wheat, Rice etc) from the farmers is called MSP.
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Write a short note on minimum support price?
minimum
When does equilibrium price in economics happen?
equilibrium price in economics happens when demand for and supply of the products equals
Is a price floor a maximum or minimum price?
Minimum price Think floor is the bottom which is the minimum. Think ceiling is the top which is the maximum.
First Indian economist who won the nobel price in economics?
First Indian economist who won the nobel price in economics?
What is mean by minimum export price?
Minimum Export Price is the minimum price at which the government buys the agricultural produce (wheat, Rice etc) from the farmers.
Write a short note on minimum support price?
minimum
What type of products does CACP recommend minimum support price?
CACP recommend minimum support price in 2010 for Pharmaceutical products.
Is there any difference between procurement price and support price?
Minimum support price is the price at which the govt announces to purchase the produce before the harvest. Procurement price is the price at which the govt buys the produre for PDS and for maintaining the buffer stock. Generally Minimum support price is less than procurement price..
When does equilibrium price in economics happen?
equilibrium price in economics happens when demand for and supply of the products equals
Can procurement price be less than minimum support price?
no because msp is the minimum price which are declared by govt before onset of season at which govt is willing to buy the produce from farmers and procurement price are those at which the govt actually buy the produce(declared before harvest of crop)
Is a price floor a maximum or minimum price?
Minimum price Think floor is the bottom which is the minimum. Think ceiling is the top which is the maximum.
First Indian economist who won the nobel price in economics?
First Indian economist who won the nobel price in economics?
Minimum support price?
India implements various mechanisms to stabilizes the prices of agricultural commodities. MSP is the most important among them. MSP becomes the floor price and the farmers are assured of getting that price.
What is the minimum price of the share?
it's face value is the minimum price of the share
What is mean by minimum export price?
Minimum Export Price is the minimum price at which the government buys the agricultural produce (wheat, Rice etc) from the farmers.
What does 'price floor' mean in economics?
In economics, price floor is the lowest allowed price a commodity can be sold at. They are used by the government to keep some prices from being too low.
What is the definition of economics by J.H Davenport?
He defined economics as the science that treats phenomena from the standpoint of price
