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implementing such controls can stem from the desire to maintain affordability of goods even during shortages, and to slow inflation, or, alternatively, to ensure a minimum income for providers of certain goods or to try to achieve a living wage . there are two primary forms of price control, a price ceiling
, the maximum price that can be charged, and a price floor , the minimum price that can be charged. a well-known example of a price ceiling is rent control , which limits the increases in rent. a widely used price floor is minimum wage (wages are the price of labor). historically, price controls have...
https://en.wikipedia.org/wiki/Price_controls
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