Question

Do you think price regulation in needed in India? Give arguments in favour of price regulation.

Answer 1

price regulation is imp in every country for growth of the country

Answer 2

Price controls can appear as maximum and minimum costs. They are an approach to manage costs and set either above or beneath the market equilibrium:

Maximum prices can decrease the cost of food to make it more moderate, yet the disadvantage is a most extreme pricec may prompt lower supply and a lack.

Minimum price can expand the price producers get. They have been utilized as a part of agribusiness to increase farmers salary.

Be that as it may, minimum prices prompt over-supply and mean the legislature needs to purchase surplus.

For the most part, price controls mutilate the working of the market and prompt oversupply or deficiency. They can fuel issues as opposed to tackle them. In any case, there might be events when price controls can help for instance, with very unstable agricultural costs.

A superior answer for maximum prices might be to build the supply of housing.

A better answer for least prices might be to offer appropriations to farmers who elevate some natural advantage to society – as opposed to through prices.