| 释义 |
price floor
Thesaurus| Noun | 1. | price floor - floor below which prices are not allowed to fall; "the government used price supports to maintain the price floor"floor, base - a lower limit; "the government established a wage floor" |
price floor
Price FloorThe lowest price for a good or service permitted by a government. A government may impose a price floor to protect a favored industry and/or to keep employees working at a reasonable wage. Price floors are particularly common in agriculture. Many economists believe setting price floors is economically inefficient and limits demand in the market, causing an oversupply of the controlled good or service.price floor the minimum PRICE that can be charged for a PRODUCT as determined by the government. Contrast PRICE CEILING. See PRICE CONTROLS, PRICE SUPPORT, MINIMUM WAGE RATE, COMMON AGRICULTURAL POLICY.price floor
Words related to price floornoun floor below which prices are not allowed to fallRelated Words |