What regulates global agricultural markets?
The concept of agricultural market regulation is a type of government intervention in the market and includes a set of regulations and policies to support the main factors of the market, which includes producers and consumers, and to control the main variables of the market, which include the amount and the price applied by the government. In general, the agricultural market consists of several components, which are:
- Supply and demand or market functions
- The quantity and price of the product or main variables of the market
- Producers and consumers or main factors of the market