Optional.
Pre-Socialism.
Bottom limit, lower limit, price floor (stole that from the guy who answered it right!)
Price floor
Price ceiling
minimum wage
the law of supply states that price and quantity supplied are
Price ceiling
Liebig's law of the minimum, often simply called Liebig's law or the law of the minimum, is a principle developed in agricultural science by Carl Sprengel (1828) and later popularized by Justus von Liebig. It states that growth is controlled not by the total amount of resources available, but by the scarcest resource.
Liebig's law of the minimum, often simply called Liebig's law or the law of the minimum, is a principle developed in agricultural science by Carl Sprengel (1828) and later popularized by Justus von Liebig. It states that growth is controlled not by the total amount of resources available, but by the scarcest resource.
Free-State! :D
It is 21, with exceptions as provided by state law.
David Ricardo's theory called the Iron Law of Wages came to be called the Theory of Efficiency of Wages. The Iron Law of Wages says that the worker is going to be paid the minimum wage needed to survive.
It's not allowed. It is a violation of vehicle safety regulations. If you'd get caught out in rain they'd hydroplane real easily, that's why the law require a certain minimum tread depth.
Generally, anyone who can afford the purchase price in those areas where private ownership of real estate is allowed by law.