Why do some people criticise the system of minimum support price?
Dear Student,
Minimum Support Price (MSP) refers to the price at which the government purchases foodgrains from the farmers. But many people criticise the Minimum Support Price (MSP) because this price is being decided by the government and the farmers do not have any rights to voice their opinions here. In other words, the government intervenes into the agricultural market thereby affecting the liberty of the farmers in deciding their own prices.
Regards
Minimum Support Price (MSP) refers to the price at which the government purchases foodgrains from the farmers. But many people criticise the Minimum Support Price (MSP) because this price is being decided by the government and the farmers do not have any rights to voice their opinions here. In other words, the government intervenes into the agricultural market thereby affecting the liberty of the farmers in deciding their own prices.
Regards