Economics

Minimum Support Price is decided by the ___________.


ANSWER

Government


SOLUTION
Minimum Support Price (MSP) is decided by the government. This is the price at which the government pays to the farmers for their produce. Government buys the crops from farmers at MSP and then sell it in the market. This policy helps the farmers as they get a fixed amount for their produce no matter what the market price is. And also they don’t have to look after the distribution of the produce. 
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