Government Intervention - Buffer Stock Schemes
- Created by: Jenkinator1234
- Created on: 12-12-16 13:50
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A Buffer Stock Scheme involves a government purchasing large quantities of a good during harvest or high productive periods (when prices are lower), and selling a stable amount to the market at a higher, more stable price.
This is with the intention of stabilising market prices. The strategy is mainly used in markets where production…
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