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Because controls are alwasy ultimately unsustainable. Whenever governments try to control prices, people find ways around the controls. This is why blackmarkets emerge. If it costs $X to produce something and the government caps the price at something less, then it just won't be supplied and no-one will be able to buy it, except on the blackmarket if they are willing to pay $X (plus something because of the risk of getting caught). If the control is to set a minimum price, then people will often trade on the cash economy where the transaction can't be traced.
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A market in which no one controls the prices is called?
A market in which no one controls the prices is called
Why economists say competitive markets are efficient?
Economists say that competitive markets are efficient because when there is competition prices are lower. The more available an item, the less it will cost the consumer.
What type of research studies the relationship between the supply things we want to buy and the prices we have to pay?
Economists
What type of researcher studies the relationship between the supply of things we want to buy and the prices we have to pay?
Economists
What type of researchers studies the relationships between the supply of things we want to buy and the prices we have to pay?
Economists
A market in which no controls the prices is called?
A market in which no one controls the prices is called
Which of the these controls prices and availability in an industry?
A monopoly controls prices and availability in an industry.
A market in which no one controls the prices is called?
A market in which no one controls the prices is called
Why economists say competitive markets are efficient?
Economists say that competitive markets are efficient because when there is competition prices are lower. The more available an item, the less it will cost the consumer.
Which country has the most overvalued house prices in the world according to a recent survey by The Economists?
Switzerland
What type of researcher relationships between the supply of things we want to buy and the prices we have to pay?
Economists
Who controls the prices of petroleum in india?
you do
What type of researcher studies the relationship between the supply of things we want to buy and the prices we to pay?
Economists
What type of research studies the relationship between the supply things we want to buy and the prices we have to pay?
Economists
What type of researchers studie the relationships between the supply of things we want to buy and the the prices we have to buy?
Economists
. If economists calculate the GDP for 2009 using current prices of year 2009 what are they estimating?
nominal GDP
What type of researcher studies the relationships between the supply of things you want to buy and the prices you have to pay?
economists
