What is a buffer stock scheme?
What is a buffer stock scheme?
A buffer stock scheme is a price-stabilising system for a primary commodity such as wheat, grain, or coffee. An agency buys and stores output when the market price is low, then releases stock when the market price is high.
Step-by-step lessons on CIE Intl A Level Economics 3.2.5 buffer stock schemes. Each one builds up to exam-style questions.