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What are some goods/services whose prices should be controlled by the government?

pl6

wrote...

Posts: 166

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3 years ago

What are some goods/services whose prices should be controlled by the government?

1. Even though economics prefer to see prices set automatically by the forced of demand and supply, what are some goods and services whose prices should be regulated by governments?

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bolbol

wrote...

#1

Staff Member

3 years ago

food, energy products such as gasoline, transportation, medical care, and education system.

pl6 Author

wrote...

#2

3 years ago

Yes, and this is because the government does this so that they are able to make a profit, what would some others reasons as to why the government controls the goods/services of these prices or why they should?

bolbol

wrote...

#3

Staff Member

3 years ago

Price controls are government-mandated minimum or maximum prices set for specific goods and are typically put in place to manage the affordability of the goods.

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