C) Price controls create artificially high or low prices for goods and services, which in turn cause disequilibrium in the market.
The main objective of prices controls is to regulate and assign a maximum price for goods and services although free-market talks about according to the offer and demand, the market itself can assign the prices. However the control prices try to create an equilibrium between offer and demand and satisfy both sellers and consumers, but a lot of times the offer is affected because the prices are lower than the demand.
Answer:
Hi there, so first one is Basques, and the second one is Waloons, hope this helps <3.
Explanation:
It was important to make sure all the decisions were made my him.
Answer:
C. Unemployment increased
Explanation:
During industrialization, unemployment decreased, not increased
Answer:
credit; property.
Explanation:
A financial institution can be defined as corporations that act as an intermediary between capital (debt) markets and the consumers by providing a broad range of business and financial services such as loans, savings, investment, insurance, and other monetary transactions.
Generally, all financial institutions are regulated by the central bank of a country to control the supply of money in the market and protect customers (consumers). Some examples of financial institutions are commercial banks, brokerage firms, credit union, investment banks, asset management firms, etc.
A credit can be defined as an amount of money that is being borrowed from a lender and it is expected to be paid back at an agreed date with interest.
Generally, a financial institution such as a bank giving out credits (sum of money) to eligible customers (borrowers), usually require that they provide a collateral which would be taken over in the event that the borrower defaults (fails) in the repayment of the credit.
Hence, anybody that is interested in obtaining credit from financial institutions can use his or her property rights to do so.
A property right is the exclusive or sole authority which determines the legal ownership of resources and how these resources are to be used, whether by individuals or government.
