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The food market is going through a serious crisis. The increasing cost of fuel and fertiliser is making it difficult for many farmers to continue
The food market is going through a serious crisis. The increasing cost of fuel and fertiliser is making it difficult for many farmers to continue in business. Consumers are faced with stagnant wages and rising food prices. War and the aftermath of the pandemic has affected the supply chain of basic food commodities. Governments have to deal with problems with contractionary solutions: climate change, food security, food poverty, and an increase in obesity levels. Evaluate the possible advantages of a free market approach to providing food. Use any relevant economic theory and diagrams to support your arguments. Your conclusion should clearly answer the question: Is the market the most efficient method of ensuring that people are well fed? and provide rationale for the
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