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Regulated Market in Tripura: For Sustainable Local Governance

Author

Listed:
  • Sujoy Hazari

    (ICFAI University Tripura, Kamalghat, India)

  • Trinankur Dey

    (ICFAI University Tripura, Kamalghat, India)

Abstract
The farmers are getting poorer despite the increase in the agricultural GDP. The profitability of agriculture has declined while the risk involved has increased.The changes in the policy en v iron ment a n d the market situation have not benefited the small and marginal farmers uniformly. The study attempts to project the regulated market of Tripura with different amenities available in the market vicinity. Altogether 21 markets have been deliberately studied with twenty numbers of respondents from each market, and a total 420 numbers of responses are recorded; and a z-test has been applied to ascertain the relative importance of the specific variables. The market information, storing, weighing, sorting facilities are significantly affected on the marketing of agricultural produce in regulated markets of Tripura. In contrast, grading and transportation facilities have been found less affected by the regulated market system in Tripura. The first controlled market was created (1964). Following that, three markets were controlled in 1981, and seventeen markets were regulated in 1986. In Tripura, the government has take n se v e ral me a sure s t o e sta bli sh a controlled market. Despite these measures, there has been no discernible improvement in the state of Tripura's regulated markets.

Suggested Citation

  • Sujoy Hazari & Trinankur Dey, 2021. "Regulated Market in Tripura: For Sustainable Local Governance," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 22(2), pages 68-77, December.
    • Handle: RePEc:rse:wpaper:v:22:y:2021:i:2:p:68-77
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    More about this item

    Keywords

    regulatedmarket; agricultural produce market committee; agricultural market;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • G40 - Financial Economics - - Behavioral Finance - - - General
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • M38 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Government Policy and Regulation
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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