Definition of price floor.
Floor price definition tagalog.
Goth pica ano ang am ano ang rhu ano ang icon ano ang ngunit.
But this is a control or limit on how low a price can be charged for any commodity.
Contextual translation of ano ang floor price into tagalog.
A price floor must be higher than the equilibrium price in order to be effective.
Like price ceiling price floor is also a measure of price control imposed by the government.
Price floor has been found to be of great importance in the labour wage market.
Governments usually set up a price floor in order to ensure that the market price of a commodity does not fall below a level that would threaten the financial existence of producers of the commodity.
Such conditions can occur during periods of high inflation in the event of an investment bubble or in the event of monopoly.
Human translations with examples.
A price ceiling is a government or group imposed price control or limit on how high a price is charged for a product commodity or service governments use price ceilings to protect consumers from conditions that could make commodities prohibitively expensive.
This control may be higher or lower than the equilibrium price that the market determines for demand and supply.
A price floor is an established lower boundary on the price of a commodity in the market.
By observation it has been found that lower price floors are ineffective.
In a highly competitive beauty industry the owner of images beauty salon decides to undercut her local competitors by offering identical services for half the price.
Minimum wage is an example of a wage floor and functions as a minimum price per hour that a worker must be paid as determined by federal and state governments.
A price floor is a government or group imposed price control or limit on how low a price can be charged for a product good commodity or service.
The lowest preconceived price that a seller will accept.
It is legal minimum price set by the government on particular goods and services in order to prevent producers from being paid very less price.
Price floor is a situation when the price charged is more than or less than the equilibrium price determined by market forces of demand and supply.
