The term 'price control' implies the fixation of either the maximum or the minimum prices of some selected essential commodities. But the fixation of the maximum prices during inflation is more common than that of the minimum prices during deflation. Other weapons of price control are taxation (to raise prices) and subsidies (to reduce prices). The term 'rationing' denotes the [...]
In this article we will discuss about the pricing of multiple and joint products. The theory of price discrimination under monopoly can be extended to the problem of determining the prices for the multiple products of a firm. The extension of the theory was done by Eli W. Clemens. In reality, most firms produce more than one product. For this [...]
In this article we will discuss about:- 1. Benefits of Speculation 2. Evils of Speculation 3. Control. Speculation refers to the act of buying or selling of commodities or securities with a view to earning profits from future changes in their prices. If the speculator expects a future rise in prices, he buys at present in order to sell when [...]