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viktelen [127]
2 years ago
6

Price controls on rents are frequently implemented by governments in an effort to protect renters from high housing prices. Diff

erentiate the type of price control used from other potential price controls, and then formulate reasons as to why governments should be careful when implementing these types of controls
Business
1 answer:
S_A_V [24]2 years ago
5 0

Price control on rent is a branch of price controls system placing a maximum price/rent ceiling price” on what landlords can charge the tenants for use of the property.

Basically, the measure are used to prevent merchants/sellers from taking advantage of the certain situation (high inflation or disaster)

  • The control are effective and shows the commitment of government towards the citizen of the nation.

  • Also, the government use this price control on other commodities such as foodstuff, generators, building materials, gasoline etc

In conclusion, the government should be careful in enforcing these control because the effect may result to merchant not going above break-even point.

Learn more about Price control here

<em>brainly.com/question/1323996</em>

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