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price supports. Describe the criticisms of the price support system in agriculture. Explain the nature of economic rent and … how it is determined. Subjects Covered: Agriculture: Economics and policy; Comparative advantage; Special interest effect …
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Rice is the most important agricultural commodity in Western Visayas, being one of the top producers of rice in the country. Rice production, however, is a highly risky venture in disaster-prone Philippines. Majority of the rice farms in the region are small farm holders who are more vulnerable...
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