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  2. Price controls - Wikipedia

    en.wikipedia.org/wiki/Price_controls

    A government-set minimum wage is a price floor on the price of labour. A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, good, commodity, or service. A price floor must be higher than the equilibrium price in order to be effective. The equilibrium price, commonly called the ...

  3. Dan Price - Wikipedia

    en.wikipedia.org/wiki/Dan_Price

    Daniel Joseph Price (born May 13, 1984) is an American entrepreneur and social media personality. He is the co-founder and the former chief executive officer of credit card processing company Gravity Payments. He is the sole shareholder [1] and board member of the company. [2] He gained recognition in 2015 after he raised the minimum salary for ...

  4. Dumping (pricing policy) - Wikipedia

    en.wikipedia.org/wiki/Dumping_(pricing_policy)

    Dumping, in economics, is a form of predatory pricing, especially in the context of international trade. It occurs when manufacturers export a product to another country at a price below the normal price with an injuring effect. The objective of dumping is to increase market share in a foreign market by driving out competition and thereby ...

  5. Reservation price - Wikipedia

    en.wikipedia.org/wiki/Reservation_price

    Reservation price. In economics, a reservation (or reserve) price is a limit on the price of a good or a service. On the demand side, it is the highest price that a buyer is willing to pay; on the supply side, it is the lowest price a seller is willing to accept for a good or service. Reservation prices are commonly used in auctions, but the ...

  6. Price-cap regulation - Wikipedia

    en.wikipedia.org/wiki/Price-cap_regulation

    Price-cap regulation. Price-cap regulation is a form of incentive regulation capping the prices that firms in a natural monopoly position may charge their customers. Designed in the 1980s by UK Treasury economist Stephen Littlechild, it has been applied to all privatised British network utilities. It is contrasted with both rate-of-return ...

  7. Incoterms - Wikipedia

    en.wikipedia.org/wiki/Incoterms

    The seller is not responsible for unloading. This term is often used in place of the non-Incoterm "Free In Store (FIS)". This term places the maximum obligations on the seller and minimum obligations on the buyer. No risk or responsibility is transferred to the buyer until delivery of the goods at the named place of destination.