What is Price Controls
Price controls are restrictions set in place and enforced by governments, on the prices that can be charged for goods and services in a market. The intent behind implementing such controls can stem from the desire to maintain affordability of goods even during shortages, and to slow inflation, or, alternatively, to ensure a minimum income for providers of certain goods or to try to achieve a living wage. There are two primary forms of price control: a price ceiling, the maximum price that can be charged; and a price floor, the minimum price that can be charged. A well-known example of a price ceiling is rent control, which limits the increases that a landlord is permitted by government to charge for rent. A widely used price floor is minimum wage. Historically, price controls have often been imposed as part of a larger incomes policy package also employing wage controls and other regulatory elements.
How you will benefit
(I) Insights, and validations about the following topics:
Chapter 1: Price controls
Chapter 2: Minimum wage
Chapter 3: Stagflation
Chapter 4: Inflation
Chapter 5: Rationing
Chapter 6: Effective demand
Chapter 7: Economics in One Lesson
Chapter 8: Incomes policy
Chapter 9: Labour power
Chapter 10: Price ceiling
Chapter 11: Price floor
Chapter 12: Balcerowicz Plan
Chapter 13: Shortage
Chapter 14: Buffer stock scheme
Chapter 15: General Maximum
Chapter 16: Excess supply
Chapter 17: Disequilibrium macroeconomics
Chapter 18: 1980s austerity policy in Romania
Chapter 19: Economic policy of the Nicolás Maduro administration
Chapter 20: Rent regulation
Chapter 21: SUNDDE
(II) Answering the public top questions about price controls.
(III) Real world examples for the usage of price controls in many fields.
Who this book is for
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Price Controls.
