What are subsidies, Microeconomics

Assignment Help:

What are subsidies? 

Almost in all market systems, government plays its role to stabilize the price of certain commodities, which are of public interest like medicines and edibles etc. For this, government give some incentives to producers to produce particular commodities, that is, to keep the supply and price of those commodities stable at certain level .These incentives, given to the producers, are known as subsidies.  

 


Related Discussions:- What are subsidies

Indifference curve, what is indifference curve''s theory and application

what is indifference curve''s theory and application

Development administration, Development Administration: Since the Gove...

Development Administration: Since the Government has been entrusted to manage economic and business activities, it was found difficult to manage the economic policy with the t

Explain the post-keynesian economics, Q. Explain the Post-Keynesian Economi...

Q. Explain the Post-Keynesian Economics? Post-Keynesian Economics: A modern heterodox school of economic thought that emphasizes more radical or non-neoclassical aspects of Joh

Common property regime , Normal 0 false false false EN-...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

HCA586, how do cooperative and noncooperative games differ

how do cooperative and noncooperative games differ

How the classical school views the role of markets, Explain the how the cla...

Explain the how the classical school views the role of markets and government intervention in fighting business cycles The classical school believes in the smooth functioning o

Consumer equilibirium, diagrammatically condition of consumer equilibirium

diagrammatically condition of consumer equilibirium

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd