Rent controls result in shortages and minimum wage laws result in surpluses
Remuneration for land (a factor of production) is called rent.
an example of a price floor is the minimum wage
Price cealing: rent control Price floor: minimun wage
The central government, i.e. the government of the state in question. Take for example North Korea.
Rent controls result in shortages and minimum wage laws result in surpluses
The two examples of direct control in ww1 included price controls and rent controls.
It controls , example the regulator controls the fans speed.
rent is one example of it.
unearned rent
Remuneration for land (a factor of production) is called rent.
rent is the surplus of current over transfer earnings.
Rent food car payment electric bill
true
There isn't an average monthly rent as rent varies from city to city and state to state. An example of average monthly rent in 1991 in San Francisco would be $1,000.
Yes normally rent is fixed expense and need to be paid even there is no production at all.
Depends