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.
The lowest rate of pay established by law is called the minimum wage. It is the lowest amount that an employer can legally pay their employees for their work.
An American state where slavery was not allowed by law was called a "free state." These states did not permit the practice of slavery within their boundaries, in contrast to states where slavery was legal.
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.