What is Minimum Support Price (MSP)? Detailed Analysis| Basics of Economics

Описание: MSP stands for "Minimum Support Price." It is a form of agricultural price support policy implemented by the government in some countries, including India. The MSP is the minimum price set by the government at which it purchases crops from farmers, ensuring them a guaranteed income for their produce. The aim of MSP is to protect farmers from market fluctuations and ensure their financial stability, as well as to maintain stable food prices for consumers.
Learn all about Minimum Support Price in this detailed analysis video. Understand the basics of economics and the importance of MSP in agriculture.

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