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Government Policy
The set of laws, guidelines, regulations, and actions adopted by a government to influence economic or social outcomes within the country.
Price Control
Government-imposed limits on the prices that can be charged for goods and services, typically used to curb inflation or prevent shortages and surpluses.
Price Floor
A government or regulatory minimum price set above the equilibrium price, preventing market forces from reducing prices below that level, often applied to agricultural products.
Price Controls
Government-imposed limits on the prices charged for goods and services in a market, typically to curb inflation or protect consumers.
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