Please Define the Following Key Terms

question 71

Essay

Please define the following key terms. Show Who? What? Where? When? Why Important?
-Ottoman Empire

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Definitions:

Price Ceiling

A price cap established by the government to regulate the maximum charge for goods, services, or commodities.

Crude Oil

A natural, unrefined petroleum product composed of hydrocarbon deposits.

OPEC

The Organization of Petroleum Exporting Countries, an intergovernmental organization of oil-producing countries that aims to manage the supply of oil to stabilize prices and ensure steady earnings.

Price Ceiling

A government-imposed maximum price that can be charged for a good or service, intended to protect consumers from high prices.