Identification -Angola

question 143

Short Answer

Identification
-Angola

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Definitions:

Price Control

Regulatory measures by which a government intervenes in the market to adjust prices, typically to protect consumers or producers.

Price Ceiling

A maximum price set by the government for certain goods to ensure they remain affordable to the general public.

Shortage

A shortage occurs when the demand for a good or service exceeds its supply in a given market, often leading to price increases.

Price Ceiling

A government-imposed limit on how high a price is charged for a product, aimed at protecting consumers from certain market conditions.