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  2. Price floor - Wikipedia

    en.wikipedia.org/wiki/Price_floor

    A government-set minimum wage is a price floor on the price of labour. A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, [1] good, commodity, or service. It is one type of price support; other types include supply regulation and guarantee government purchase price.

  3. Price controls - Wikipedia

    en.wikipedia.org/wiki/Price_controls

    A government-set minimum wage is a price floor on the price of labour. A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, [21] good, commodity, or service. A price floor must be higher than the equilibrium price in order to be effective. The equilibrium price, commonly called ...

  4. Price support - Wikipedia

    en.wikipedia.org/wiki/Price_support

    In economics, a price support may be either a subsidy, a production quota, or a price floor, each with the intended effect of keeping the market price of a good higher than the competitive equilibrium level. In the case of a price control, a price support is the minimum legal price a seller may charge, typically placed above equilibrium.

  5. Minimum wage - Wikipedia

    en.wikipedia.org/wiki/Minimum_wage

    A minimum wage is the lowest remuneration that employers can legally pay their employees—the price floor below which employees may not sell their labor. Most countries had introduced minimum wage legislation by the end of the 20th century. [2]

  6. Living wage - Wikipedia

    en.wikipedia.org/wiki/Living_wage

    In economic terms, a minimum wage is a price floor for labor created by a legal threshold, rather than a reservation wage created by price discovery. The living wage is one possible guideline for determining a target price floor, while a minimum wage is a policy to enforce a chosen price floor. Calculating a living wage [1] [2]

  7. Australian Wool Reserve Price Scheme - Wikipedia

    en.wikipedia.org/wiki/Australian_Wool_Reserve...

    The minimum floor price gave artificial confidence to wool mills which saw little to no price risk and began purchasing forward and increasing stockpiles. At the same time farmers bred more sheep and produced more wool. The floor price had increased by 70% by 1991 and the AWC had built up a stockpile that would crash the industry. [4]

  8. Today's Wordle Hint, Answer for #1275 on Sunday, December 15 ...

    www.aol.com/todays-wordle-hint-answer-1275...

    If you’re stuck on today’s Wordle answer, we’re here to help—but beware of spoilers for Wordle 1275 ahead. Let's start with a few hints.

  9. Price ceiling - Wikipedia

    en.wikipedia.org/wiki/Price_ceiling

    A price ceiling is a government- or ... and welfare effects of a binding price ... from 1931 the ceiling payment of £3 per game fell below the legal minimum award ...