Economics · Agricultural Economics
What is the primary economic justification for providing subsidies in the agriculture sector?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is used to provide benefits for capital goods producers in agriculture.
- 2It is an incentive to adopt advanced technology and decrease the cost of production.✓
- 3It is a part of government expenditure in the service sector.
- 4It is mostly used to provide benefits for rich farmers.
Correct answer
It is an incentive to adopt advanced technology and decrease the cost of production.
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