as per the name APM means administering the price of petroleum oil to control
the demand & price from the oil marketing companies by the intevention of govt.
recently petrol price is deregulated from it and APM is replaced with import parity pricing system.
administered price means price set by a body outside of the market..And market price is a price set up on basis of demand and supply.
Price mechanism (A+)
Price mechanism is a term referring to how the change in the prices of commodities affects demand and supply. It is important because it regulates the price in the market, absence of price mechanism may lead to an increase in price once demand gets high.
Price is the rationing mechanism. Whoever can afford it, will by it.
to overcome the problem you would have to own the primary supply or have a significant amount of ownership of it as to influence its basic price. If all else fails find a scam to get around it!
Essentially, administered price is referring to a price determined by the conscious price policy of a seller rather than by impersonal competitive market forces. The earliest known use of the term administered price was in 1934.
price mechanism is hte demand and supply of goods and services
Price mechanism is the system where supply and demand are what determines prices of products or services. Unemployment, inflation, and uneven distribution of resources are disadvantages of price mechanism.
administered price means price set by a body outside of the market..And market price is a price set up on basis of demand and supply.
Price mechanism (A+)
Price incentives is included in price mechanism, that is refers in the competition process, the supply and demand of mutual connection, mutual constraints of the market price formation and operation mechanism.
teachers
Price mechanism is a term referring to how the change in the prices of commodities affects demand and supply. It is important because it regulates the price in the market, absence of price mechanism may lead to an increase in price once demand gets high.
Price is the rationing mechanism. Whoever can afford it, will by it.
to overcome the problem you would have to own the primary supply or have a significant amount of ownership of it as to influence its basic price. If all else fails find a scam to get around it!
chanism
Why the price mechanism is not always efficient at delivering public goods, merit goods and de-merit goods