Examlex
When the domestic currency strengthens under a fixed exchange-rate system,this is called
Market Economy
An economic system where decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.
Price Floor
A government-set minimum price that can be charged for goods and services, aimed at protecting producers.
Equilibrium Price
The price at which the quantity of goods supplied matches the quantity of goods demanded.
Price Ceiling
A price ceiling is a government-imposed limit on how high a price can be charged for a product or service, typically intended to protect consumers.
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