The term "maximum price" refers to the highest price that one is allowed to charge for selling a product, or a service. Introducing a maximum price helps to solve the problem of scarcity by allowing more people the ability to purchase something that may be previously been out of their means.
Remember under this market there's a government intervention.the Government determine the prices of the market by using the minimum(the minimum that the market can charge) and maximum wage(Maximum that the market can charge)
microeconomics seeks to explain the working of individual prices, wages, particular industries. merits of microeconomics: 1. formulating economics policies and scare resource of the country 2. achieve maximum output with minimum input.
short term is financial asset used to run business at the market level whereas longterm is to invest to get maximum profit.
The ceiling price (maximum price) is set by the government. It is set below the equilibrium price (because if it were above, there will be a surplus and equilibrium will be stored due to market forces). It is illegal to sell any item above the maximum price. By setting a maximum price, a shortage is created - since quantity demanded is greater than quantity supplied. The purpose of maximum price is to ensure that the price of goods is affordable, especially for poorer families. Unfortunately, by setting a maximum price, there is a possibility that a black market will arise since there will be large numbers of unsatisfied and better-off customers who are willing to pay more than the government-set price. The floor price (minimum price) is another price control that the government uses. It is set above the equilibrium price. Because quantity demanded is less than quantity supplied, a surplus is created. These surplus goods are usually stockpiled by the Government. The purpose of a minimum price is to protect producers from receiving low prices for their produce.
Because our economies are not organized for maximum *economy*: everything in capitalism is based on getting people to consume, use up, spend, need, want...more and more, to the point where large portions of the world's population are dying young from consuming things they don't need. If resources were shared in a need-based (as opposed to "greed-based") way, there would be no need to make lots of money in order to survive (or to exploit humans, animals, and nature the way it's being done now). If our economy were organized for maximum economy and prosperity for all, the race for market superiority would end, and people would start focusing on methods to solve problems, such as famine, climate change, loss of biodiversity, and pollution, all of which are results and causes of scarcity. But the main reason for scarcity is that capitalism needs scarcity in order to give things value. The rule of supply and demand says that the rarer or more "limited" something is, the higher the price tag. So scarcity is a welcome, integral part of how our current system works...because it's a system that doesn't put human or global needs first, but rather turns it all into a big game as you call it, where it's about trying to win while everyone else loses. Instead we ought to realize that if anybody loses at all, then we all lose, because it means our economy has failed and we have failed to become humane enough to always put people and peace before profit and power.
explain type of tax
i dont no just leave me alone
Mubai
Income Tax
Minimum Government, Maximum Freedom
Corporate tax
Conservatism is when the government doesn't like/want change and their is maximum government interference in your day to day life
"the higher the altitude the lower the range "
income tax
5 years.
Maximum transparency
15 dollars a hour and that's is a government job.