Price ceiling
Method of price control
📊 Rating
1 news mentions · 👍 0 likes · 👎 0 dislikes
📌 Topics
- Geopolitics (1)
- Energy Trade (1)
- Maritime Security (1)
🏷️ Keywords
Shadow fleet (1) · Oil sanctions (1) · Maritime law (1) · Price cap (1) · Environmental risk (1) · Russia (1) · Energy exports (1)
📖 Key Information
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 impose price ceilings to protect consumers from conditions that could make commodities prohibitively expensive. Economists generally agree that consumer price controls do not accomplish what they intend to in market economies, and many economists instead recommend such controls should be avoided.
📰 Related News (1)
-
🇺🇸 Sanctions-busting shadow ships are increasing - the big question is what to do about them
What can governments do when countries circumvent or flout the rules to export oil?...
🔗 Entity Intersection Graph
People and organizations frequently mentioned alongside Price ceiling:
- 🌐 Risk (1 shared articles)
- 🌐 Shadow fleet (1 shared articles)
- 🌐 Maritime law (1 shared articles)