It controls over production, distribution, consumption of commodities and to perform this the government has to devise physical controls and monetary and fiscal measures and these measures are essential for reducing economic and social inequalities that are prevailing in under-developed countries. What is it

Q: What are some ways that governments can helppeople who lose from trade?

A: Nevertheless, reciprocal trade agreements often restrict rather than eliminate protectionist…

Q: Is globalization in the social interest? Please support your answer with good discussion points.

A: The economies around the world are coming together and are integrating with each other. each economy…

Q: Compose  a short poem about Globalization

A: The effects of globalisation are detrimental. Illness has spread across the globe because of…

Q: How does the United States compare to other nations on a per capita scale as far as government…

A: Total US tax revenue approached 24% of GDP, well beneath the 34% weighted normal for other OECD…

Q: Businesses in Finland sell a wide variety of products with manufacturing, woods, telecommunications,…

A: A capitalist economy and an unrestricted/free market economy are two sorts of monetary frameworks.…

Price Ceilings and Price Floors

Price Ceilings and Price Floors strategy is used by the Government to control the prices of certain goods and services in the market. This method helps the Government to protect the interests of both buyers and suppliers in difficult economic times.