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What is the primary goal of implementing price controls?
  • a)
    To promote competition among businesses
  • b)
    To increase government revenue
  • c)
    To prevent price increases on essential goods
  • d)
    To stabilize wages
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the primary goal of implementing price controls?a)To promote c...
The primary goal of implementing price controls is to prevent price increases on essential goods and services, especially during periods of hyperinflation. This measure aims to protect consumers from rapid price hikes.
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