science

National Institute of Price Stabilization

National Institute of Price Stabilization is a science topic covered in the lgStudy science library. This page brings together a partial reference excerpt, illustrations, worked examples, real-world applications and a short study plan, so you can understand National Institute of Price Stabilization rather than just read about it. In short: The National Institute of Price Stabilization (Spanish: Instituto Nacional de Estabilización de Precios) better known for its acronym in Spanish, INESPRE, was created by the law No.526, issued by the Executive Power of the Dominican Republic, on December 11, 1969. The National Institute of Price Stabilization provides support and services inside the national system of agricultural commercialization.

Key takeaways

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Reproduce the core statement of National Institute of Price Stabilization from memory before moving on to harder problems.

Reference excerpt

The National Institute of Price Stabilization (Spanish: Instituto Nacional de Estabilización de Precios) better known for its acronym in Spanish, INESPRE, was created by the law No.526, issued by the Executive Power of the Dominican Republic, on December 11, 1969. The National Institute of Price Stabilization provides support and services inside the national system of agricultural commercialization. Their objective is to improve the profitability and competitiveness of agricultural producers, and increase the purchase power of local consumers. Currently, INESPRE is directed by Jorge Radhamés Zorrilla Ozuna, who was designated by President Danilo Medina on August 20, 2012, by the decree No. 468-12, article 2.

History When INESPRE was created, its main activities include the following:

Merchandise and acquisition of products directly from local producers, to intervene with the market price of goods and products. Stimulate increase in production by increasing the income of producers. Administration of social programs for the distribution of agricultural products. Regulation of activities that improve the merchandising of agricultural products, and provide information to producers about the prices of the products in both the domestic and international market.

Objectives General:

Implement a transparent system of agricultural merchandising that guarantees the market stability of agricultural products. Specific:

Reinforce the role of the institution as a coordinator and facilitator of agricultural merchandising, to help solve conflicts between interest groups. Increase the offer of agricultural products through its Producers’ Markets (Spanish: Mercados de Productores). Increase the number of Producers' Markets to supply the country with quality products at affordable prices. Strengthen the market information system to guarantee that producers have clear expectations of price variations in the market. Improve the competitiveness of the agricultural sector through the development of a capacitation plan on better agricultural practices.

Directors

2012-2016 Administration During the current administration, Jorge Radhamés Zorrilla Ozuna has developed important initiatives to help local producers, consumers, and the institution which has contributed to improve the financial situation of producers, consumers, and suppliers. The new philosophy of the institution is to “offer support and services in the national agricultural system in order to improve the profitability and competitiveness of local producers as well as the purchase power of consumers, specifically those of lower income”. The institution's functions are:

Provide agricultural producers with the necessary storage infrastructure, through loans or leases, so they can face fluctuations in the market behavior. Promote the creation of markets in which national agricultural producers can sell their products, benefitting themselves and consumers by diminishing intermediaries. Identify and promote new investment opportunities in the agricultural sector. Establish capacitation centers for producers to increase their ability to manage agricultural commercialization. Reinforce the institution's role as a mediator in the agricultural sector, to help solve conflicts between interest groups. Promote the creation of packaging centers in production zones to increase the added value to agricultural production.

Accomplishments Under Jorge Radhamés Zorrilla Ozuna's administration, INESPRE has benefitted consumers, guaranteeing fair prices to agricultural products and strengthening local producers' trust by protecting them from sudden price fluctuations in products of massive consumption. Other accomplishments include:

Bigger diversity of products sold through INESPRE Reduction of price speculation by distributing products effectively, using as an element of market stabilization the direct sell to consumers of lower income. Creation of more than 1,500 jobs Creation of more than 2,072 programs including the “Mercados de Productores”, “Bodegas Fijas”, “Bodegas Móviles”, and “Agromercados”. More than 3 million people have been benefitted with the execution of the program PROCOMER More than 2,235 local producers have been benefitted

References

Worked examples

Example 1 — a first encounter with National Institute of Price Stabilization

Start with the simplest possible case. Write down what National Institute of Price Stabilization claims or describes in one sentence, then invent the smallest concrete situation in which that sentence is true. In science, the smallest case is usually a single object, a single equation or a single measurement. Check that every symbol or term in your sentence has a meaning in that case.

Example 2 — changing one variable

Take the situation from Example 1 and change exactly one quantity: double it, halve it, or set it to zero. Predict what should happen to National Institute of Price Stabilization before you calculate. Comparing your prediction with the result is the fastest way to find out whether you understand the idea or only the words.

Example 3 — an exam-style question

Typical questions about National Institute of Price Stabilization ask you to (a) state it precisely, (b) apply it to given data, and (c) explain a limitation. Practise writing all three answers in under five minutes; the third part is what separates a full-mark answer from an average one.

Applications of National Institute of Price Stabilization

In research: National Institute of Price Stabilization appears in science research whenever the underlying quantities have to be modelled precisely. Papers usually cite it as a starting assumption and then explore where it breaks down.
In technology and industry: Engineering practice reuses National Institute of Price Stabilization in design rules, simulations and safety margins. Knowing the idea lets you read a specification sheet and understand why the numbers look the way they do.
In the classroom: National Institute of Price Stabilization is common in secondary-school and first-year university syllabi. It links to neighbouring topics 1969 establishments in the Dominican Republic, Agriculture in the Dominican Republic, Government agencies established in 1969, so understanding it makes those chapters shorter.
In everyday life: Look for National Institute of Price Stabilization outside the textbook — in sport, cooking, traffic, electronics or the sky above you. An example you found yourself is remembered far longer than one you were given.

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How to study National Institute of Price Stabilization in 20 minutes

Read the reference excerpt below once, without taking notes.
Close the page and write down what National Institute of Price Stabilization means in your own words.
Compare your version with the excerpt and mark what you missed.
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Frequently asked questions

What is National Institute of Price Stabilization in simple terms?

Why does National Institute of Price Stabilization matter?

Because it connects several science ideas at once: it gives you a definition you can apply, a quantity you can calculate, and a way to check whether a result is plausible.

How should I study National Institute of Price Stabilization?

Read the excerpt, restate it from memory, then work through the examples and applications listed on this page. The five-step study plan above takes about twenty minutes.

What does this page cover?

It gives you a compact reference excerpt plus original lgStudy explanations, examples, applications and study material on National Institute of Price Stabilization.