What is the economic term for prices of goods and services set by government?

1 answer

Answer

1102786

2026-05-01 10:20

+ Follow

A government only sets the prices for goods and services as a matter of course in Communist or strongly socialist countries. This has come to pass in more economically conservative countries only during periods of high inflation and serious economic downturn.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.