Analysts describe the united states as a postindustrial society because the service sector of the US has more contribution in the economy than the industrial sector.
Post-Industrial society is the that stage of the society where the economy of service contributes more than the economy of the industry in the country's GDP. More numbers of workers are involved in the service sector rather than industrial sector.
US has transitioned from a manufacturing-based economy to service-based economy. It became the first country which have more than 50 percent workers in the service sector.
Hence it is also called as postindustrial society by some analysts.
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Answer:
C) price ceiling
Explanation:
Price ceiling is the price control or the limit which is imposed by the government on how high the price can be charged for the particular commodity, product, or service.
Governments often use price ceilings in order to protect the consumers from conditions which could make the commodities prohibitively expensive.
<u>Thus, President Chávez to reduce the price to 50 percent of previous price comes under the policy of price ceiling.</u>
