Pressure Group
An organization that aims to bring about changes in laws or policies, possibly in the interest of its members or a wider cause like the environment.
Price
An explanation and analysis of the term 'price' and its significance in economic theory and practice.
Price Control
The setting of maximum or minimum prices by law to regulate markets.
Price Effect
A comprehensive exploration of the 'price effect' in consumer theory understanding consumption variations due to changes in commodity prices.
Price Fixing
An agreement between two or more firms about the prices they will charge, which is considered anti-competitive and is forbidden by legislation in many countries.
Price Floor
A comprehensive entry on the concept of price floors in economics, covering its definitions, historical context, major analytical frameworks, and more.
Price Index
An index number representing the average of prices of goods in a given category.
Price Leader
A firm whose price changes tend to be followed by other sellers in its markets.
Price Level
The general level of prices in an economy, measured by retail price index or GDP deflator.
Price Mechanism
An analysis of how prices function in a market economy to convey information, provide incentives, make choices, and allocate resources.
Price Reform
A comprehensive overview of price reform in transition economies, its impacts, frameworks, and historical significance.
Price Squeeze
An anti-competitive practice wherein a monopolistic firm increases wholesale prices to eliminate competition at the retail level.