Price Controls

HideShow resource information

Price Controls

National Minimum Wage - a system designed to protect the law paid by setting a minimum wage rate that employers are permitted to pay employees

Rent Control / Maximum Price - The government would intervene in the housing market if they regard the level of rent excessive, to the point low income households may be unable to afford rental accommodation, they intervene by imposing a maximum level of rent

Price Stabilisation / Buffer Stock - a scheme intended to stabilise the price of a commodity by paying excess supply in periods when supply is high, and selling when supply is low. It prevents prices from falling too low

1 of 1

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »See all Price Controls resources »