wage-price policy
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wage-price control — Setting of government guidelines to limit increases in wages and prices. It is one of the most extreme approaches to incomes policy. By controlling wages and prices, governments hope to control inflation and prevent extremes in the business cycle … Universalium
price system — ▪ economics Introduction a means of organizing economic activity. It does this primarily by coordinating the decisions of consumers, producers, and owners of productive resources. Millions of economic agents who have no direct communication … Universalium
Price discrimination — or price differentiation[1] exists when sales of identical goods or services are transacted at different prices from the same provider.[2] In a theoretical market with perfect information, perfect substitutes, and no transaction costs or… … Wikipedia
Policy Ineffectiveness Proposition — The Policy Ineffectiveness Proposition (PIP) is a new classical theory proposed in 1976 by Thomas J. Sargent and Neil Wallace based upon the theory of rational expectations. It posits that governments are powerless in the management of output and … Wikipedia
wage and salary — ▪ economics Introduction income derived from human labour. Technically, wages and salaries cover all compensation made to employees for either physical or mental work, but they do not represent the income of the self employed. Labour costs… … Universalium
Incomes policy — Incomes policies in economics are economy wide wage and price controls, most commonly instituted as a response to inflation, and usually below market level.[1] Incomes policies have often been resorted to during wartime. During the French… … Wikipedia
incomes policy — a government policy to curb inflation that relies on voluntary compliance rather than on mandatory wage, price, or profit controls. [1955 60] * * * Collective governmental effort to control the incomes of labour and capital, usually by limiting… … Universalium
incomes policy — a government policy to curb inflation that relies on voluntary compliance rather than on mandatory wage, price, or profit controls. [1955 60] * * * incomes policy noun A government policy of curbing inflation by controlling wages • • • Main Entry … Useful english dictionary
Minimum wage — A minimum wage is the lowest hourly, daily or monthly remuneration that employers may legally pay to workers. Equivalently, it is the lowest wage at which workers may sell their labour. Although minimum wage laws are in effect in a great many… … Wikipedia
Monetary policy — Part of a series on Government Public finance File:Governmentbhj,i,gu Vedder Highsmith detail 1.jpeg … Wikipedia
government economic policy — ▪ finance Introduction measures by which a government attempts to influence the economy. The national budget generally reflects the economic policy of a government, and it is partly through the budget that the government exercises its three … Universalium
