#10; #10;A buffer #10;stock is a system or scheme which buys and stores stocks at times of good #10;harvests to prevent prices falling below a target r ...

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Standard XII

Economics

Generations of Reforms

Define Buffer...

Question

Define Buffer Stock

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Solution

A buffer stock is a system or scheme which buys and stores stocks at times of good harvests to prevent prices falling below a target range (or price level), and releases stocks during bad harvests to prevent prices rising above a target range (or price level).

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