A price ceiling is a government- or group-imposed price control, or limit, on how high a price is charged for a product, commodity, or service. Governments use price ceilings to protect consumers from conditions that could make commodities prohibitively expensive. Such conditions can occur during periods of high inflation, in the event of an investment bubble, or in the event of monopoly ownership of a product, all of which can cause problems if imposed for a long period without controlled rationing, leading to shortages.[1] Further problems can occur if a government sets unrealistic price ceilings, causing business failures, stock crashes, or even economic crises. In unregulated market economies, price ceilings do not exist.
While price ceilings are often imposed by governments, there are also price ceilings which are implemented by non-governmental organizations such as companies, such as the practice of resale price maintenance. With resale price maintenance, a manufacturer and its distributors agree that the distributors will sell the manufacturer's product at certain prices (resale price maintenance), at or below a price ceiling (maximum resale price maintenance) or at or above a price floor.
In sociological term, the principle of inclusiveness refers to the tendency to accept people with different ethnicity background when we pick a team member.
When we purposefully overlook a certain group even though they are qualified to be a member, we would perpetuate discrimination toward those groups which resulted in tribalism and division that weakened the structure of our society.<span />
Answer:
Population management is necessary for the development of the nation. It helps in controlling and managing the population and thereof acts as a backbone. It contributes to the development by upgrading the standard of living eradicating poverty. ... Therefore, population management is vital for the country.
Answer:
Virginia was the largest and populous colony in within the 13 American colonies. A myriad number of the people living in this colony were farmers, planters, and merchants. A majority of the population were African American who worked in fields for their white masters.
In Frethorne's experiences of an indentured servant, he gives firsthand accounts of his life. He tells that he got off a ship and had never ate anything but peas and loblolly. They had to work hard in order to eat. The treatment they received was horrible. The only clothes he had was a poor suit, two rags, one pair of shoes, one stocking, one cap and two collars.
Farrer gives firsthand accounts of the way they lived in the middle colonial period. They had all kinds of fruits, meats, and vegetables. The passengers would be shipped home in 20 to 30 days. There were ships that brought commodities such as clothes, stockings, and linens. They had several churches. In the middle colonial period, the passengers of the ships were healthier, lived longer, and were provided with everything they needed to live a healthy life.
