Question

What steps government need to take to bring the grocery prices down in Canada?

Answer 1

To bring grocery prices down in Canada, the government can reduce tariffs, invest in agricultural subsidies, and implement price controls or regulations.

Step-by-step explanation:

To bring grocery prices down in Canada, the government can take the following steps:

1. Reduce tariffs and import taxes on food items: This would lower the cost of imported groceries and increase competition in the market, leading to lower prices.
2. Invest in agricultural subsidies for locally grown produce: By providing financial support to farmers, the government can lower the cost of growing fruits and vegetables, making them more affordable for consumers.
3. Implement price controls or regulations: The government can set maximum price limits on essential food items to prevent excessive price hikes by retailers or suppliers.

These policies would help address the factors that contribute to high grocery prices and create a more affordable food market for Canadians.