Price Controls and Market Economies
Adilson Francelino Alves|Inês Gregório
Governments usually adopt price controls to impose restrictions on the of goods and services by employing appealing argument that they are protecting groups who find it difficult meet increasing prices. Since ancient times, regulators have set maximum or minimum prices – ceilings floors. A for bread was understood as a means protect poorest from starvation house rents them becoming homeless. The wage floor labor seen guarantee prevent unskilled workers falling below living standard.
Cambridge University Press eBooks|Repositório Institucional da Universidade Católica Portuguesa (Universidade Católica Portuguesa)