Prices are important. Demand and Supply helps us arrive at the price. This is what we learn on the first day of any economics lecture. Real world is little more complicated than that. It has a government and there are interventions.

For example, Cereals and Sugar have a minimum support price (MSP as popularly called) in India. It is largely unaffected by consumer behavior. It beautifully reflects in the charts below. Here, rather than market forces, government decides on the price. Unlike cereals and sugar, government doesn’t have Minimum Support price (MSP) for vegetables. …

abhijit maheswari

I like to decipher patterns whether it’s from robot sensor or digital footprints left by humans. AI, Robotics, Mathematics & Poetry interests me

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