Here is the synopsis of our sample research paper on ECONOMIC FORCES VS. AGRICULTURAL SUBSIDIES. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 5-page paper examines the economic theory of supply and demand, and focuses on how this theory has been re-vamped because of agricultural price supports from the U.S. government. The essay also touches on the impact of such price supports on consumers, as well as the impact of the FAIR act (passed in 1996) on produce and farmers. Bibliography lists 4 sources.
Page Count:
5 pages (~225 words per page)
File: D0_MTprisup.rtf
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Unformatted sample text from the term paper:
service, it is easier for a company or organization to sell that product or service, and to charge higher prices. As a result of high demand, the company receives profit,
expands and can hire more personnel, thus giving out more dollars that can be placed into the economy. But if demand for a product or service doesnt exist, prices need
to be cut and many times, a business goes bankrupt if not enough income is generated or prices are undercut to the point of income loss.
When it comes to agriculture, however, standard economic theory goes out the window. For almost a century now, the U.S. government has supported agriculture, in many
cases paying farmers not to grow food items or even to throw away the crops they harvested. But when President Bill Clinton signed the Federal Agricultural Improvement and Reform Act
(the FAIR) act into law in 1996, farmers and agricultural businesses received a rude awakening as governmental price supports and production controls were slowly removed. As a result, the government
is beginning to step in again - to "help" the farmer. But the question needs to be asked - should government support and price controls be offered to agricultural interests?
On the one hand, free market economists point to the idea of "survival of the fittest" - whoever can sell the most should profit and prosper. But agriculture is a
different animal. People need to eat - and most eat crops grown on farmland. If such an industry is dictated by free market forces, how would this impact demand?
In examining this question, it might be interesting to examine what, exactly, drives agricultural economic cycles and the role the government has played
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