Why having a Maximum Retail Price on a Product is a Socialist Idea and Bad for the Indian Economy?
DOI:
https://doi.org/10.31033/ijemr.12.3.30Keywords:
Retail, Product, EconomyAbstract
In a capitalist society, the market uses the rules of supply and demand to set prices. For instance, a firm that wants to make money would raise prices as the demand for coffee rises. Tea growers would face reduced pricing and a decrease in overall production if society's taste for the beverage decreased simultaneously.
Downloads
Download data is not yet available.
Downloads
Published
2022-06-30
How to Cite
Adityawardhan Gaikwad. (2022). Why having a Maximum Retail Price on a Product is a Socialist Idea and Bad for the Indian Economy?. International Journal of Engineering and Management Research, 12(3), 199–200. https://doi.org/10.31033/ijemr.12.3.30
Issue
Section
Articles
License
Copyright (c) 2022 Adityawardhan Gaikwad
This work is licensed under a Creative Commons Attribution 4.0 International License.