what is mean by price control in history chapter kilji dynasty
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Answer:
Alauddin gave great importance to his soldiers because it was they who could defend the Sultanate from outsiders. He decided to pay their salaries in cash rather than iqtas. The soldiers would buy their supplies from merchants in Delhi and it was thus feared that merchants would raise their prices. To stop this, Alauddin controlled the prices of goods in Delhi. For this Alauddin instructed officers to carefully survey prices. The merchants who did not sell their goods at the prescribed rates were punished.
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ANISHKA
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Answer:ECONOMICS, GOVERNMENT. a limit set by a government on the price that can be charged by companies for particular products or services: On several occasions in recent years, price controls have failed to stop a rise in costs.
Explanation:Price controls are government-mandated legal minimum or maximum prices set for specified goods. They are usually implemented as a means of direct economic intervention to manage the affordability of certain goods.