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Some Governments Support Farmers by Subsidizing the Cost of Inputs

question 6

Essay

Some governments support farmers by subsidizing the cost of inputs including energy and fertilizer. Who do such subsidies benefit and to what extent?

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Definitions:

Procurement

The process of acquiring goods, services, or works from an external source, often through tendering or competitive bidding.

Quantity Utility

Refers to the satisfaction or benefit derived from the amount of a product or service consumed or utilized.

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