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Category

Price controls

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minimum wage
lowest remuneration which can be paid legally in a state for working
black market
market in which goods or services are traded illegally
deadweight loss
measure of lost economic efficiency
excess demand
thumb|Supply and demand, with market-clearing price shown 250px|thumbnail|right|Unemployed men queue outside a depression soup kitchen in United States during the Great Depression. 250px|thumbnail|right|A 2014 image of product shortages in Venezuela
price controls
governmental restrictions on the prices that can be charged for goods and services
shock therapy
sudden release of price and currency controls
capital control
monetary policy limiting transfer of assets in or out of a country
Edict on Maximum Prices
edict
price ceiling
economic policy
potential output
type of potential
foreign exchange controls
controls imposed by a government on the purchase/sale of foreign currencies
allocative efficiency
state of the economy in which production represents consumer preferences, resulting in optimal distribution of goods
incomes policy
economy-wide wage and price controls
Flour War
wave of riots, prelude of French Revolution
Esquilache Riots
1766 Spanish riots
price floor
government- or group-imposed price control
National Mobilization Law
1938 Japanese law which put civilian organizations (incl. labor unions) under governmental control, nationalized some industries (e.g. the media), introduced price controls and rationing and provided for unlimited budget to subsidize war production
Hoarding
economic concept
fixed price
pricing strategy where the seller specifies an item's price up front and does not permit bargaining
minimum support price
Indian government policy for ensuring prices for farm produce
resale price maintenance
type of price fixing agreed between a manufacturer and its distributors
General Maximum
Law enacted during the French Revolution
Production quota
production goal or limit
export restriction
prohibition of exporting strategic technologies
fixed book price agreement
form of price maintenance
Lang Law
informal name given to French law relating to book prices
Ordinance of Labourers 1349
English price and wage control law
price support
subsidy or price control intended to increase the market price of a good higher than the competitive equilibrium level