NEW HERE? USE "AFORUM20" TO GET GET 20 % OFF CLAIM OFFER

UK: +44 748 007-0908 USA: +1 917 810-5386
My Orders
Register
Order Now

Effects of wage and price controls

• Are there some instances where they might be effective for certain types of government such as in war time economics? How about in the long run? • Does anyone particular government work better for maintaining a long term wage and price control system? Why? • In answering this question, please consider how wage and price controls function in the system of economic and political regime of a country. • Where do wage and price controls lie on the spectrum of political (democratic vs autocratic) and economic regime (command vs free market)? • Would you consider them an element of a democratic government or do they take away from the elements of democracy?