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单词 price control
释义 price control

The setting of maximum prices by law. This may affect particular markets, for example domestic rents are often subject to special controls, or apply in an economy generally. As it is administratively impossible to set millions of prices from first principles, price controls have generally worked by covering a limited number of essential goods, and imposing limits or a total ban on price increases. There is a danger that this will induce firms to divert resources towards goods whose prices are not controlled, and to change the specifications of goods to introduce new products to which the rules do not apply.

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更新时间:2024/9/21 10:34:37