Economics, Econometrics and Finance
8 years ago

Government grain prices harm farmers and food management in Planned Economy Period.

Nanjing Nongye Daxue xuebao
Grain price policy in Planned Economy Period:an analysis from western economic perspectives
GU Huan-zhang

Paper Summary

During the Planned Economy Period, the government set prices for buying and selling grain. The buying price favored buyers, while the selling price favored sellers. This led to low enthusiasm from both farmers and food management.

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