Question

Is there any effective way of keeping the prices of basic commodities at levels that are accessible to the masses?​

Answer 1

Answer:

: Is there any effective way of keeping the prices of basic commodities at levels that are accessible to the masses? No there is not. Its been tried since the 17th century with no success by any society anywhere except in the very short term of less than 3 years.

Answer 2

Yes, prices of basic commodities can be kept at levels that are accessible to the masses by taking some actions from both government's and seller's sides.

Government should take responsibility for the even distribution of the commodities and also government can use wage and price controls to fight inflation, the government can also remove the restrictions on the trades which make lower-priced products less accessible and the sellers should make the products which are less costly but effective in that way demand for same will increase.