Answer to Question #225889 in Marketing for Becky

Question

1. What is the impact of the reform programme on food security?

2. What are four goals of Land reforms?

3. What are the six Formal requirements for the existence of perfect competition?

Answer 1

1. Land reform programme has the following impact on food security; it helps in the reduction of poverty, land reform programme is key in promotion of equity, it enhances social justice and helps in securing the nutrition of land-poor households.

2. It helps in reduction of poverty

    Increase the output of farms towards commercial production

     Contribute towards rural transformation.

     Increase efficiency levels on land reform farms.

 3. The ability of having many firms producing identical products.

      The requirement to have many buyers being available to buy the product and many sellers being available to sell the product.

   Sellers and buyers are required to have all relevant information to make rational decisions about the product being bought and sold.

    The requirement of having free entry and exit into and out of the market.

    The ability to have a large number of firms in the market.

     For perfect competition firms should not have monopolies of the total market.