Price floor
Government- or group-imposed price control
📊 Rating
1 news mentions · 👍 0 likes · 👎 0 dislikes
📌 Topics
- Geopolitics (1)
- Mining (1)
- Trade Policy (1)
- Economy (1)
🏷️ Keywords
Critical minerals (1) · Price floor (1) · Madeleine King (1) · Lithium market (1) · US-Australia relations (1) · Clean energy supply chain (1) · Nickel mining (1)
📖 Key Information
A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, 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.
📰 Related News (1)
🔗 Entity Intersection Graph
People and organizations frequently mentioned alongside Price floor:
- 🌐 Critical raw materials (1 shared articles)
- 👤 Madeleine King (1 shared articles)