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WAEC Agricultural Science 1994 Question 60

Question 60

Agricultural Finance

The assistance given to farmers by government in form of a reduction in price is generally referred to as

  1. A.input
  2. B.loan
  3. C.credit
  4. D.subsidy
  5. E.interest.
Show the answer and explanation

Answer: D (subsidy)

Explanation

A subsidy is government paying part of the cost so farmers pay less.