Limitations Flashcards
1
Q
What (4)
A
Vulnerable to corruption
Finance
Management
Inefficiency
2
Q
Finance how (3)
A
Cost of purchasing and storing
Increase tax
Increase fiscal D
3
Q
Management how (2)
A
Limited storage infrastructure = refrigeration requires shit ton of energy
Quality of stock will fall = reduce price when bought to market
4
Q
Inefficient how (2)
A
Target prices (price ceiling) too high = favour producers = overproduction
Environmental damage = externalities + market failure
