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President Calderón opted for using price ceilings for tortillas that protect local producers of corn. This price control came in the form of a "Tortilla Price Stabilization Pact" between the government and many of the main tortilla producing companies, including Grupo Maseca and Bimbo, to put a price ceiling at MXN 8.50 per kilogram of tortilla. [6]
A related government intervention to price floor, which is also a price control, is the price ceiling; it sets the maximum price that can legally be charged for a good or service, with a common example being rent control. A price ceiling is a price control, or limit, on how high a price is charged for a product, commodity, or service.
Bank of Mexico board member Jonathan Heath on Tuesday cautioned on implementing price controls to tackle inflation, saying the measures only work in the short term. "My personal opinion is that ...
This price control came in the form of the Tortilla Price Stabilization Pact between the government and many of the main tortilla producing companies, including Grupo Maseca and Bimbo, to put a price ceiling at 8.50 pesos per kilogram of tortilla. The hope was that a ceiling on corn prices would provide incentive for the market to lower all ...
President-elect Donald Trump promised Monday that one of his first acts as commander in chief will be to impose a sweeping 25% tariff on all products imported from Canada and Mexico.
Software used: Federal Digital System, U. S. Government Publishing Office: Date and time of digitizing: 19:08, 24 January 2017: File change date and time
Walmart’s Mexico subsidiary said Friday it plans to appeal a $4.6 million fine for alleged anti-competitive practices involving suppliers. Walmart de Mexico said in a statement that it had ...
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