minimum prices
Lowest allowed costs
Minimum prices are the lowest amounts that can legally or officially be charged for goods or services.
Governments set minimum prices to protect producers from market fluctuations: The EU sets minimum prices for certain agricultural products.
A minimum price floor prevents sellers from undercutting each other into unprofitability.
Compare with price ceilings, which cap how high prices can go.
- floorIndoor walking surface
- ceilingRoom's upper surface
- thresholdPoint of beginning
- baselineStandard for comparison
- capCovering for top
rock bottom · wage · tariff · reserve · bottom · lowest · bargain · bargain basement · discount · cheap · loss leader · subsidized · living wage · regulated · control · fixed · fair trade · guarantee
- agrarian policyagrarian reform, farm bills, farm bill, farm credit, tenant rights
- EU farm policyfarm subsidies, rural development, decoupling, greening, direct payments
- farm subsidiesfarm subsidies, crop subsidies, farm support, direct payments, support payments