Skip to main content

Home/ M2016 Economics SL Mr. Friedman/ Group items tagged price control

Rss Feed Group items tagged

Sinmaz S

Egypt Puts Price Controls on Fruit, Vegetables - 3 views

  •  
    This article talks about the price control put on fruits in Egypt to ensure that consumers can consume fruits at low enough price.
  •  
    This article is about the price control on vegetables in Egypt. Apparently vegetable prices increased ver much recently in Egypt, therefore government has decided to put a price ceiling to these goods, to keep consumer expenses down. THe article talks about another time such a control has taken place, but it says those times (1970s)fruit and vegetables often disappeared from the marketplace into the black market so the government had to moce the price control on1980. The rationale behing this control is explaine as following in the article "The ministry said it would also work to lower prices by increasing the amounts of produce available in state-run cooperatives and ministry of agriculture outlets and by sending lorries to deliver fruit and vegetables to poorer neighborhoods." PS: Sorry for the late upload...
Hellan L

12 key cancer drugs may come under price control - 1 views

  •  
    This article talks about price controls in India on Medicine. There are 12 key drugs in the fight against cancer and they are quite expensive, the government therefore is thinking of imposing price controls on these key drugs so that everybody can afford the drugs while fighting a disease.
  •  
    12 drugs important for the treatment of cancer are coming under price control in an effort to make them affordable to a wider range of patients
Weisman K

Price cap on petro-goods to stay - 0 views

  •  
    This is an article from 2001, however the material is regarding petroleum prices which I find increasingly relevant, since this finite resource is used everyday and gas prices in the US have recently in this month started to decrease. This begging the question, why? Could it be that we might see a price control on the fluctuating prices of gas regardless of the fact that the supply is low and demand is high?
Benavides V

Venezuela Plans "Merry Christmas" through Strict Price Controls - 4 views

  •  
    The following article discusses the price controls planed by the government in Venezuela. Due to the Christmas season arriving, the government has lowered prices of products to benefit employees and prevent surpluses of products.
  •  
    I'm sure people don't normally comment on each other's bookmarks but I love this article. It's the good will of people who are willing to work in order to put in a maximum price and enforce it so that shoppers can buy their presents and keep the economy going.
Stamenkovic A

New Fuel Prices Per Litre RON95 -RM 2.26 And RON97 -RM 2.46 Effective 1st December - 1 views

  •  
    IN Kuala Lumpur the price of RON95 petrol for the month of December is likely to be reduced by four sen, and for the same period, RON97 is expected to cost RM2.46 after the government agreed to lower its price by nine sen. On Nov 21, the government announced that fuel subsidies for RON95 and diesel would be removed from Dec 1. The decrease in the fuel price will benefit the people since, if fuel subsidies lead to an increase in prices, the price of express bus tickets should also be reduced when there is a drop in oil price. Federation of Malaysian Consumer Associations vice-president Mohd Yusof Abdul Rahman said money saved from the removal of subsidies could be used to upgrade the public transport system.
Ewumni M

How Did Wal-Mart's IPhone Discount Defeat Apple's Price Controls? - 1 views

  •  
    Wal-Mart Stores (WMT) plans to sell the newest iterations of iPhones at a discount, a pricing strategy that Apple (AAPL) has managed to squash for years. The cheaper iPhone 5c will be sold at the world's largest retailer for $79 along with a standard two-year service contract, 20 percent less than anywhere else in the U.S. This article is discussing how Walmart's IPhone discount defeat's apple's price controls. The IPhone 5c for example is being sold by a retailer for 79 USD with a two-year contract which is a breakthrough.
Brennan H

Sugar industry, some farmers can't agree on Maharashtra price control board - 2 views

  •  
    The sugar industry in Maharashtra, the biggest producer of the sweetener in the country, expects that the formation of the Sugarcane Price Control Board (SPCB) will lead to a permanent solution on the sugarcane price issue. They are going to implement a revenue sharing formula in order to fix this.
ArishM M

Govt considers price control on medical devices - 2 views

  •  
    The way this relates to this week topic is that the Indian government is trying to put a maximum price on medical devices that are supplied to the public hospitals.
Jack L

NZ's Chorus surges after regulator eases price controls - 0 views

  •  
    New Zealand telecommunications network operator Chorus Ltd said on Tuesday its earnings will take a lesser hit after the sector regulator proposed easier price controls on broadband over its network, sending the company's shares to a one year high. As a result the New Zealand telecommunications have been able to charge NZ$38.39 for a monthly phone contract instead of NZ$34.44 a month and this will obviously have financial benefits for the company.
Chung H

Tata Memorial Centre wants 12 cancer drug prices controlled - 2 views

  •  
    This article discusses how the Tata Memorial Center in India wants these 12 cancer treating medicines to be put onto the essential medicines list so that the prices would be government controlled. This allows for the government to subsidize and adjust the prices of the medicines accordingly.
Maria A

Four states vote in support of minimum wage hikes - 2 views

  •  
    The government is has expressed a desire for higher minimum wage. By creating a limit to how low the minimum wage is, the government is imposing a minimum price or a price floor. The increase in minimum wage translates into an increase in the minimum price or price floor.
Adele G

State proposes price ceiling for milk products - 2 views

  •  
    This article concerns the price ceiling set on milk products. The government did this because milk industries were raising the price of milk products for children under 6 years old. It is hoped that this will stabilise the prices of milk.
Aminu S

Argentina passes price control law - 1 views

  •  
    Argentina according to the article has suffered from a high annual fluctuation last year and the percentage will increase this year if the government do not take action. As predicted, the government did of-course see an inflation which is 18.2% which is lower than that of last. And this inflation occurred from January to August.
Benndorf J

Will price controls save publishing? - 1 views

  •  
    On Friday, Korea will introduce a new book price control system in order to try to salvage its moribund publishing industry. The new scheme will lower the cap to 15 percent and cover all books ― regardless of their genres or how long they have been on the shelves. However, it is not sure wheter it will be sufficient to turn around Koreans decreasing interest in books.
StuartO O

World's most expensive drug - which costs up to $700,000 per year - too expen... - 0 views

  •  
    Here is an example of a market failure. The pharmaceutical drug is being sold at a price too high for consumers. The Canadian government plans to impose a price ceiling on the good.
Moro E

Call to control rising house prices - 1 views

  •  
    The Help to Buy scheme helps people buy their first houses even if they are on low income but because the prices of houses keep increasing the government is being asked to intervene
Onipko O

Row over India condom price ceiling - 0 views

  •  
    Article about a price ceiling imposed on condoms in India and the effect of this on "luxury" condom producers.
Aminu S

Oil back below $50 as OPEC hopes fade - 0 views

  •  
    This article is taken from money control a CNBC website.The article was written on the 25th of February this year and the article talk about the increase in production of oil and why the prices of oil have not reduced. OPEC being the largest oil producers are not willing to cut down the prices of the oil they sell
Chung H

Airlines won't cut fuel surcharges - 0 views

  •  
    This article discusses the fact that most airlines won't reduce the fuel surcharge given to customers even as the global price of fuel drops.
Stamenkovic A

A Year After Marijuana Legalization, Just How High Is the State of Colorado? - 1 views

  •  
    According to the federal government, weed is one of the most dangerous controlled substances on the market, especially after it was legalised in Colorado. Colorado's Proposition AA, passed two months before legalization, requires that recreational marijuana be subjected to a 15 percent excise tax, a levy imposed on goods such as gas, alcohol, and tobacco, in addition to a 10 percent state sales tax. During the first fiscal year the state pulled in just under $14 million in marijuana taxes, licenses, and fees according to the Colorado Department of Revenue. The money is going to build schools, support drug prevention and intervention programs, fund the state's Marijuana Enforcement Division. On the other hand, medical marijuana patients only pay a 2.9 percent tax on weed.
1 - 20 of 22 Next ›
Showing 20 items per page