Question

a) Explain how supply management is implemented in Canada.

b) Using basic supply and demand, explain how this policy affects producers and

consumers.

c) How does supply management differ from the use of a subsidy provided to

producers?

Answer 1

A :- The supply of products in the Canada is very fast , this is only just because of their supply management , if any organisation wants to start a supply management company they must have proper management of Warehouse , Manufacturing ,Logistics . Those who created the need for the fast and accurate shiping of goods and items through various locations in the country who supply the consumer trends, challenging of deliver goods on time.

In Canada, supply management is a way for farmers , those who produce milk , chikens , egg , they are the leaders in the supply management , the supply management are implemented mainly by them .

B:- When the supply is hign in the country their are some policies for stable the supply in the country during in the excess supply of all products , government fix the price qouta of the products for the producers and also for the consumer fix the price quota for stable the price of the product .

C :-

Subsidy is that is given by the government , money given to businesses to help them for cover their costs but in the supply management govenment fix the price quota of the product , subsidy is help to recover the cost of the business but supply management is for run the business efficiently.