Examlex
Channeling funds from individuals with surplus funds to those desiring funds when the saver does not purchase the borrower's security is known as
Crop Insurance Programs
Government or private sector initiatives designed to protect farmers against losses due to natural disasters, pests, or drops in market prices.
Agricultural Risk Coverage
A form of crop insurance that pays out if the total revenue generated by all the farmers planting a given crop in a given county falls below a predetermined value.
Price Loss Coverage
A form of crop insurance that pays participating farmers if the market price of their output falls below a predetermined value.
Inelastic
Describes a situation where the demand or supply of a good is not significantly affected by changes in price.
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