Search results
Results From The WOW.Com Content Network
A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, [ 1] good, commodity, or service. It is one type of price support; other types include supply regulation and guarantee government purchase price. A price floor must be higher than the equilibrium price in order to be effective.
A government-set minimum wage is a price floor on the price of labour. A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, [20] good, commodity, or service. A price floor must be higher than the equilibrium price in order to be effective. The equilibrium price, commonly called ...
A price ceiling is a government- or group-imposed price control, or limit, on how high a price is charged for a product, commodity, or service. Governments use price ceilings to protect consumers from conditions that could make commodities prohibitively expensive. Such conditions can occur during periods of high inflation, in the event of an ...
The frequency and degree of rent increases are limited, usually to the rate of inflation defined by the United States Consumer Price Index or to a fraction thereof. San Francisco, for example, allows annual rent increases of 60% of the CPI, up to a maximum 7%. [64] Rent control laws are often administered by nonelected rent control boards.
The Economic Stabilization Act of 1970 (Title II of Pub. L. Tooltip Public Law (United States) 91–379, 84 Stat. 799, enacted August 15, 1970, formerly codified at 12 U.S.C. § 1904) was a United States law that authorized the President to stabilize prices, rents, wages, salaries, interest rates, dividends and similar transfers as part of a general program of price controls within the ...
Communist-run Cuba has imposed price controls on goods and services ranging from lemons and pork to haircuts and taxi fares in what it says is an effort to tame inflation as it increases state ...
Office for Emergency Management. The Office of Price Administration ( OPA) was established within the Office for Emergency Management of the United States government by Executive Order 8875 on August 28, 1941. The functions of the OPA were originally to control money ( price controls) and rents after the outbreak of World War II.
Dumping, in economics, is a form of predatory pricing, especially in the context of international trade. It occurs when manufacturers export a product to another country at a price below the normal price with an injuring effect. The objective of dumping is to increase market share in a foreign market by driving out competition and thereby ...