Examlex
Which term is also known as ischuria?
Price Floor
A government-imposed limit on how low a price can be charged for a product, aimed to ensure fair conditions for producers.
Temporary Surplus
A situation where the supply of a product exceeds demand for a short period, often leading to price reductions.
Permanent Surplus
A situation in which the supply of a particular good or service persistently exceeds demand, often leading to long-term price declines.
Price Support Payments
are subsidies or financial assistance provided by the government to farmers or producers to maintain the market price of an agricultural product above its market equilibrium.
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