Why did Alauddin Khalji introduce the market control policy?

Q: According to Adam Smith, the "invisible hand" refers to the government's effort to always keep a…

A: Adam Smith was an economist who is well known for his book wealth of nation, invisible hand.

Q: From a social welfare perspective, what circumstances may cause too many frims to enter a market?…

A: It is the socialist market structure where the resources used in the process of production are owned…

Q: Why might government intervention make things worse than what generally happens in an unfettered…

A: Government intervention is any action taken by the government that affects the market with the…

Q: Analyze the relation between the five forces and different market structures.

A: The collective strength of these forces determines the ultimate profit potential of an industry. The…

Q: We've seen how many economists vehemently oppose price controls, saying that they'll create either…

A: Price controls are laws imposed by the government to limit pricing. There are two types of price…

Q: How do price controls affect the market?

A: Price control is the technique used by the government to stabilize the demand and supply in the…

Q: What are the advantages and disadvantages of the price system?

A: What are the advantages and disadvantages of the price system? Advantage: In a free market system,…

Q: Identify the type of price control Price (S per unit) Quantity Demanded -4units) Quantity Supplied…

A: In a market, when government uses price control policy, it will have two types of policies that are…

Q: What is Market Distortion and its potential long-term effect? Please explain thank you.

A: A market is the set of suppliers and demanders whose trading establishes the price of a good. Firms…

Q: How do prices communicate to economic actors?

A: According to prices economic actors behave. For example with less price economic actor demand…