Examlex
Problems in forecasting include:
Price Floor
The minimum legal price set by the government that a product can be sold for.
Minimum Wages
The lowest legally permissible amount that workers can be paid for their labor, set by government laws.
Rent Controls
Government-imposed limits on the amount landlords can charge for leasing apartments or houses, aiming to make housing more affordable.
Social Loss
The total reduction in welfare or well-being to society, typically resulting from inefficient market conditions like monopolies or externalities.
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