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What is Statutory minimum price which is decided by government?

government want to statutory control over price of some specific commodity


What is a price floor?

A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, good, commodity, or service.


Why would the government wish to control the price of a commodity below the market equilibrium price?

Artificially keeping the price of a commodity below market value by governments (usually by selling massive quantities) is to try and achieve the appearance of a greater value in something else.


What was the Government structure Of Mesopotamia?

Political structure of Mesopotamia is government is in control over king and queen. This is in different countries.


What has the author Emiko Atimomo written?

Emiko Atimomo has written: 'Law and diplomacy in commodity economics' -- subject(s): Commodity control, Diplomacy, International economic relations, International law 'Jindadin Jamaar, an authentic ideology for politics in Nigeria' -- subject(s): Politics and government


Nile river government?

There is no such thing, rather the countries it flows through control the relevant part.


What is The exclusive control of the production of a certain good by a business is known as?

A monopoly of that commodity.


Why is the control of water an important political issue in eastern mediterranean?

Water is scarce in the region and therefore a precious commodity. Control of the existing water sources such as rivers can cause political problems when one country diverts water sources that are also needed by other countries.


What is the role of the government in socialist countries?

In socialist countries, the role of the government is to control and manage the means of production and distribution of goods and services. The government plays a central role in planning and implementing economic policies, ensuring social welfare, and promoting equality and social justice. It aims to eliminate class distinctions and protect the interests of the working class.


What does the federal government control?

The Federal Government controls certain organizations such as Centrelink.


The control of a commodity or service by a small number of large powerful companies is called?

monopoly


What were the roles of totalitarianism and decolonization have in the twentieth century?

Totalitarianism was the policy of the government being in control of all decisions and controlling the lives of its citizens. Decolonization involved mother countries (countries in control of another country) allowing the colonies to be in control of their own destinies. Most colonization happened because many European countries were lacking in natural resources and were seeking to gain control of countries that were rich in natural resources.