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A price ceiling is a government- or group-imposed price control, or limit, on how high a price is charged for a product, commodity, or service. Governments use price ceilings to protect consumers from conditions that could make commodities prohibitively expensive. Such conditions can occur during periods of high inflation, in the event of an ...
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.
Price gouging is a pejorative term used to refer to the practice of increasing the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair by some. This commonly applies to price increases of basic necessities after natural disasters. Usually, this event occurs after a demand or supply shock.
The point of total assumption ( PTA) is a point on the cost line of the profit-cost curve determined by the contract elements associated with a fixed price plus incentive-Firm Target (FPI) contract above which the seller effectively bears all the costs of a cost overrun. The seller bears all of the cost risk at PTA and beyond, due to a dollar ...
An example is the Tagalog word libre, which is derived from the Spanish translation of the English word free, although used in Tagalog with the meaning of "without cost or payment" or "free of charge", a usage which would be deemed incorrect in Spanish as the term gratis would be more fitting; Tagalog word libre can also mean free in aspect of ...
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. A price floor must be higher than the equilibrium price in order to be effective.
Merchants were forbidden to take their goods elsewhere and charge a higher price, and transport costs could not be used as an excuse to raise prices. The last third of the Edict, divided into 32 sections, imposed a price ceiling – a list of maxima – for well over a thousand products. These products included various food items (beef, grain ...
Bahay kubo, like most Austronesian houses have floors raised on houseposts. The Filipino term báhay kúbo roughly means "country house", from Tagalog.The term báhay ("house") is derived from Proto-Malayo-Polynesian *balay referring to "public building" or "community house"; [4] while the term kúbo ("hut" or "[one-room] country hut") is from Proto-Malayo-Polynesian *kubu, "field hut [in rice ...