You are the economic advisor of Country X. The president of Country X wants to adopt the free market economic system and has come to you for advice. The price of rice has been increasing rapidly in...

You are the economic advisor of Country X. The president of Country X wants to adopt the free market economic system and has come to you for advice.

1. The price of rice has been increasing rapidly in Country X. Discuss all the possible ways Country X can tackle (manage) the problem of increasing price of rice. No need to draw diagrams in this answer.