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Definition | : | Statutory Minimum Price |
Category | : | Governmental » Policies & Programs |
Country/ Region |
: | Worldwide
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Popularity | : |
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Type | : |
Initialism
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Statutory Minimum Price (SMP) is the minimum price that a government sets for a particular commodity to ensure that producers receive a fair price for their products.
The full form of SMP is Statutory Minimum Price
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