How is the price of rice in Korea affected by the government? Could rice be cheaper if the government did not interfere? Who benefits from the current price of rice in Korea? Who loses? If government interference stopped and rice became cheaper, who would benefit and who would lose? Should the government stop interfering with the price of rice? / Jeong hyemin

 Q : How is the price of rice in Korea affected by the government? Could rice be cheaper if the government did not interfere? Who benefits from the current price of rice in Korea? Who loses? If government interference stopped and rice became cheaper, who would benefit and who would lose? Should the government stop interfering with the price of rice?

 A : The price of rice in Korea is affected by the policy. Tariffs are imposed on imported rice and limits on rice prices. Without these policies, rice is expected to be more expensive. I think the price could rise further due to farmers' labor costs or people's demand. Currently, consumers are benefiting from the price of rice in Korea. If the government stops interfering and the price of rice becomes cheaper, consumers will also benefit from increased sales, and farmers (suppliers) will benefit. I think that would hurt the exporting countries. I don't think we need to stop the current policy because it's for the people.

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