Define Price Floors. Price Floors synonyms, Price Floors pronunciation, Price Floors translation, English dictionary definition of Price Floors. Noun 1. price floor - floor below which prices are not allowed to fall; "the government used price supports t
What is the definition of price floor?The government intervenes to maintain the prices at a level that encourages production when the market mechanisms determine a high or a lowequilibrium price. Typically, a price floor is imposed when the economic activity slows down, and the supply of certain...
Explore price floors in economics. Learn the definition of a price floor and understand why it is set. Discover the effects of price floors with...
10. the area of a stock or commodity exchange, retail store, etc., where buying and selling or other business is conducted. 11. a base or minimum level: The government established price and wage floors. v.t. 12. to cover or furnish with a floor. 13. to bring down to the floor...
A price floor doesn’t let the market clearing price fall below an arbitrary reference point. The interplay of demand and supply happens as long as the market price is higher than the reference point but as soon as price hits the floor, it doesn't fall any further. When a market reaches...
Price liberalization:deregulation of price /removal of price controls and removal of wage controls. Trade liberalization:allow FDI, removal of capital control. Primary sector:all activities in an economy that are concerned with extracting natural ...
The floor area ratio is a key determining factor for development in any country. How to Calculate the Floor Area Ratio You can determine the ratio by dividing the total or gross floor area of the building by the gross area of the lot. ...
The meaning of CORNER is the point where converging lines, edges, or sides meet : angle. How to use corner in a sentence.
The meaning of FALL is to descend freely by the force of gravity. How to use fall in a sentence.
the busy trading floor (=area where stocks and shares are bought and sold)7 limit an officially agreed limit below which something cannot go→ ceiling Manufacturers have tried to put a floor under the price of their products.8 → the floor9...