Friday, May 9, 2008

Economics =Supply and Demand by Chandra

Anandi R writes “The classical theory of demand, the foundation on which other principles of economics are built, states that prices are determined, other things being equal, by the demand and supply forces in the market”.

However it is true what actually need at present is that the “Indian farmers are rational and better informed in a near competitive market. The prices are market determined and are ruling higher than the MSP. So we should focus more on the real sector problem rather than spinning along with the markets”.
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