price controls
Government-set ceilings
Price controls are government restrictions on how much can be charged for goods or services.
A price ceiling sets a maximum (rent control, wartime rationing), while a price floor sets a minimum (minimum wage, agricultural supports).
Economists generally view price controls as creating shortages or surpluses, though they remain politically popular during crises: The government imposed price controls on gasoline.
Redeemable discount certificates
- ration cardsPermits for limited goods
- black marketIllicit trading system
- hoardingExcessive accumulation of goods
- queuesOrderly waiting arrangements
scarcity · war-time · ration books · allocation · distribution · fair share · waiting lists · shortage
Official rules governing conduct
- government interventionPublic authority involvement
- ceilingsIndoor upper boundaries
- floorsWalking surfaces inside
- subsidiesFinancial aid from government
Price-determining economic forces
- market forcesSupply-demand price drivers
- equilibriumState of balance
- competitionStruggle for supremacy
- shortageDeficient supply of necessities
surplus · market failure · arbitrage · speculation · elasticity
Counteracting rising price levels
- indexationAutomatic adjustment to benchmarks
- cost-of-livingPrice of basic needs
- purchasing powerEconomic spending ability
- hyperinflationExtreme rapid price escalation
coupons
Redeemable discount certificates
- ration cardsPermits for limited goods
- black marketIllicit trading system
- hoardingExcessive accumulation of goods
queues · scarcity · war-time · ration books · allocation · distribution · fair share · waiting lists · shortage · quotas
regulation
Official rules governing conduct
- government interventionPublic authority involvement
- ceilingsIndoor upper boundaries
- floorsWalking surfaces inside
supply and demand
Price-determining economic forces
- market forcesSupply-demand price drivers
- equilibriumState of balance
- competitionStruggle for supremacy
shortage · surplus · market failure · arbitrage · speculation · elasticity
anti-inflationary
Counteracting rising price levels
- indexationAutomatic adjustment to benchmarks
- cost-of-livingPrice of basic needs
- purchasing powerEconomic spending ability
- economic policymonetary policy, tax policy, fiscal discipline, fiscal stimulus, fiscal restraint
- agrarian policyagrarian reform, farm bills, farm bill, farm credit, tenant rights
- East German policystate education, state pensions, full employment, planned economy, free healthcare
- fuel policyfuel rationing, carbon tax, fuel economy, fuel efficiency, gas rationing
- Soviet Industrycentral planning, five-year plans, planned economy, state enterprises, production quotas
- economyGDP, money, inflation, inflation rate, GNP
price controlsmarket prices
Current trading valuations
free market · deregulation · laissez-faire · supply and demand · decontrol
price controlsneoliberalism
Pro-market, anti-regulation ideology
Austrian economics · Reaganomics · Thatcherism · laissez-faire economics · free enterprise
control, price, priceless, prices, pricing, pricy, overprice, unpriced, underprice