Price support will be beneficial to producers but costly to consumers.
Price support refers to efforts by a government to keep the price of a commodity higher than it should be were it priced based on supply and demand.
Ways the government can do this include:
- Subsidies
- Production quotas - limiting the quantity produced
- Price controls
Price supports make prices higher than they should be which would give producers more profit therefore tennis racket producers benefit.
On the other hand, they make things more expensive for consumers who will be forced to spend more than they usually do on tennis rackets thereby making it costly to them.
In conclusion, price controls help producers but are costly to consumers.
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It helped increase population. Before agriculture, people roamed around and
gathered what they could to survive.
Later on, they learned how to grow their plants and raise their own
livestock, they decided to settle down.
This led to the growth of communities and the start of civilization.
A book is censored when someone in authority limits publication of or access to it.
Hope this helps :)
Answer:
Localization is the adaptation of a resource or product to fit the demands of one specific culture or locale, while globalization is the adaption of a particular resource to fit the demands of multiple cultures and locales.
