Download App

The Market as a Social Institution — Sociology STD 12 Humanities — Question

CBSE BoardEnglish MediumSTD 12 HumanitiesSociologyThe Market as a Social Institution2 Marks
Question
Differentiate between subsidies and support prices.
✓

Answer

  1. Meaning of subsidies: Subsidies lower the cost of farming because the government pays part of the price charged for inputs e.g., diesel oil and fertilisers, etc.
  2. Meaning of support prices: Support prices help to ensure a minimum income for farmers because they are the prices at which the government agrees to buy agricultural commodities.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "2 Marks Question" from The Market as a Social Institution→The Market as a Social Institution — all question types→Sociology STD 12 Humanities question papers→CBSE Board STD 12 Humanities question papers→CBSE Board question paper generator→

Similar questions

What is 'Status symbol'?
→
What is Demography?
→
Two basic features of Capitalism are ..................
→
Why is rising dependency ratio a cause of worry in many countries?
→
In what ways can status symbol be identified?
→
Give reasons of declining child sex ratio in India.
→
Define sex ratio.
→
Explain the difference between matriliny and matriarchy.
→
What does social exclusion refer to?
→
What are the criteria used for defining OBCs?
→