WAEC Agricultural Science 1998 Question 3

Question 3

Agricultural Finance

The provision of farm inputs to farmers by the government can best be described as

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

Answer: D (subsidy)

Explanation

Government paying part of the cost of inputs is a subsidy.