Examlex
Eight-year-old Lucas is shown a ball of brown clay,which is then rolled out into a large,flat disk.He is asked whether the disk contains the same amount of clay."It's the same amount," Lucas says,"because I could just make it into a ball again." In Piaget's terminology,Lucas understands the principle of
Price Control
Government-imposed limits on the prices that can be charged for goods and services in the market, to protect consumers and prevent market abuse.
Legal Restriction
A regulatory measure that limits or controls certain actions within a legal framework.
Market Price
The current price at which an asset or service can be bought or sold in a marketplace.
Rent Controls
Government-imposed limits on the amount landlords can charge for renting out their property to ensure affordable housing for tenants.
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