answersLogoWhite

0


Best Answer

this policy fixes the minimum prize of any sale able product by interfering in market driven prices. this aim's at protecting the interest of customer, seller and even both.

suppose farmer's producing, sugarcane had surplus production. this will reduce the price of sugarcane. in order to compensate there loss,government will intervene, to fix minimum price of procurement of sugarcane. in this case, government protected the loss of farmers. sugar manufacturing industries can't procure sugarcane below the minimum price fixed.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is minimum price policy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What has the author John P Formby written?

John P Formby has written: 'Minimum wages and poverty' -- subject(s): Poverty, Poor, Government policy, Unemployment, Effect of wages on, Minimum wage, Wage-price policy, Employment


Is a price floor a maximum or minimum price?

Minimum price Think floor is the bottom which is the minimum. Think ceiling is the top which is the maximum.


What is the minimum price of the share?

it's face value is the minimum price of the share


What is mean by minimum export price?

Minimum Export Price is the minimum price at which the government buys the agricultural produce (wheat, Rice etc) from the farmers.


What is the minimum on general liability insurance?

Do you mean minimum price? Usually $500 for a one year policy, for a company with nearly no risk and very little sales. Policy pricing is based on tons of different factors. Check out the intro to GL insurance link I posted onto this discussion.


What is minimum price?

this policy fixes the minimum prize of any sale able product by interfering in market driven prices. this aim's at protecting the interest of customer, seller and even both. suppose farmer's producing, sugarcane had surplus production. this will reduce the price of sugarcane. in order to compensate there loss,government will intervene, to fix minimum price of procurement of sugarcane. in this case, government protected the loss of farmers. sugar manufacturing industries can't procure sugarcane below the minimum price fixed.


Is minimum price is market price?

yes


What is the minimum listing price of an item in an eBay Store?

There is no minimum listing price for single item listings.


A minimum price for a good or service?

price floor


What is a minimum price for a good or service?

price floor


Write a short note on minimum support price?

minimum


What is the term for the minimum price allowed by law?

Price floor