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https://www.thoughtco.com/introduction-to-price-supports-4082777
In terms of market outcomes, a price support is pretty similar to a price floor; to see how, let's compare a price support and a price floor that result in the same price in a market. It's pretty clear that the price support and the price floor have the same (negative) impact on consumers.
https://www.merriam-webster.com/dictionary/price%20support
Price support definition is - artificial maintenance of prices (as of a raw material) at some predetermined level usually through government action.
http://www.businessdictionary.com/definition/price-support.html
Definition of price support: Artificial (non free-market) minimum-price supported by a government to protect vulnerable but crucial producers (such as farmers) from wild fluctuations in the commodity prices.
https://financial-dictionary.thefreedictionary.com/price+support
price support. a means of supporting the income of certain producers by administratively maintaining the PRICES of their products above market price. In many countries, price support systems are used specifically to assist the agricultural sector …
http://www.investorwords.com/3821/price_support.html
price support. Definition. Minimum price for a product, established by a government and supported by payments to producers in the event that the market price falls below the specified minimum.
https://www.indianeconomy.net/splclassroom/what-is-minimum-support-price/
Jul 11, 2015 · Minimum Support Price is the price at which government purchases crops from the farmers, whatever may be the price for the crops. Minimum Support Price is an important part of India’s agricultural price policy. The MSP helps to incentivize the framers and thus ensures adequate food grains production in the country.
https://www.thefreedictionary.com/price+support
price support - a government subsidy used to maintain prices at a certain level. subsidy - a grant paid by a government to an enterprise that benefits the public; "a …
https://www.investopedia.com/terms/s/support.asp
Nov 25, 2019 · Support, or support level, refers to the price level that an asset does not fall below for period of time. An asset's support level is created by buyers entering the market whenever the asset dips to a lower price.
http://www.economicsdiscussion.net/agricultural-economics/agricultural-price-policy-in-india/21416
The Government of India has set up some institutions for the implementation of agricultural price policy in the country accordingly; the Agricultural Price Commission was set up in 1965 which announced the minimum support prices and procurement prices for the agricultural products.
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