Purpose:critical thinking and problem solving.
1. A description of the market form in which milk producers operate.
2.A detailed explanation,with graphs,of how the price of milk would have been determined in the absence of government involvement in the market.
3.A detailed explanation,with graphs,to show how this form of government intervention would affect the market equilibrium.
4.A disussion of who benefit and who loses from this form of intervention in the market.
5.A description of the other policies that the government could use to achieve its objective of improving the lifestyle of the poor.
6.Your recommendations,with justification,of whether this form of intervention is appropriate for achieving government objecte of promoting a healthier lifestyle among the poor.
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Its the dairy industry used to produces dairy products.
The contribution of milk in SA makes about 0.5% to the milk production.The industry comprises of a number ofdifferent economic activities and significant difference exist between farming methods and the processing of dairy products in this production they involve the market raw milk, UHT and cheese and butter.
how is this so far?