Tag Archives: Price Ceilings

Price controls are government mandates that set maximum or minimum prices for goods and services. They are often introduced with intent to protect consumers from rapid inflation, to maintain affordability during crises, or to prevent perceived exploitation by suppliers. Despite the good intentions that drive them, recorded evidence from history …

Government price controls are mechanisms through which a government sets limits on the prices that can be charged for goods and services in a market. These controls typically come in two forms: price ceilings (maximum prices) and price floors (minimum prices). The effectiveness of government price controls is a subject …