Concept of Rythu Bazar

Topics: Economics, Opportunity cost, Cost Pages: 5 (1417 words) Published: September 15, 2012

| | | | | | | | | | | | |Name: L.Kiran Pavan Kumar | | | |Batch: PGCBM -22 | | | |SMS ID: 2224050 | | | |SID: DB12036 | | | |Name of the Topic: Understanding the Concept of Rythu Bazar through Principles of Economics | | | |Name of the Faculty: Dr.Vishwa Ballabh | | | |Name of the Study Center: Begumpet, Hyderabad |

Understanding Economics: Economics is a science like any other branch with one constraint of not having the opportunity to conduct experiments and prove the economic theories. Hence they examine/observe the historical data to gain insights and then use their observations to examine the current situation to evaluate the economic theories.

Case: Price raise of essential commodities has been the issue which every household has been facing continuously for last few years and therefore lets look at the similar scenario of past in Andhra Pradesh. The scenario I am sharing is regarding the high price of vegetables and still the small farmers are not getting the fair price for their produce. To address this issue Govt of Andhra Pradesh has introduced the unique concept of Rythu Bazar. So let’s understand the concept of Rythu Bazar & How it works which was introduced by Govt. of Andhra Pradesh in 1999

|Understanding the Concept of Rythu Bazar | | | |Issue: Small Farmers not getting the fair price for their Produce and also the common household is also under stress because of the | |raising prices....
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