price floor (Meaning)
Wordnet
price floor (n)
floor below which prices are not allowed to fall
Synonyms & Antonyms of price floor
No Synonyms and anytonyms found
price floor Sentence Examples
- The government established a price floor for agricultural products to ensure farmers received a minimum income.
- The price floor for wheat prevented farmers from selling their crops below a certain price.
- By setting a price floor, the authorities aimed to stabilize the market and protect producers from price fluctuations.
- The price floor was seen as necessary to prevent a sharp decline in agricultural prices.
- The government's intervention in the market through a price floor raised concerns about its potential impact on consumer prices.
- Producers argued that a price floor was essential to guarantee their livelihoods and encourage them to continue farming.
- The effectiveness of a price floor depends on various factors, including the supply and demand conditions in the market.
- The long-term consequences of implementing a price floor need to be carefully considered before it is enacted.
- In some cases, a price floor can lead to surpluses and government intervention to purchase unsold products.
- The decision to establish a price floor involves a complex balancing of objectives and potential risks.
FAQs About the word price floor
floor below which prices are not allowed to fall
No synonyms found.
No antonyms found.
The government established a price floor for agricultural products to ensure farmers received a minimum income.
The price floor for wheat prevented farmers from selling their crops below a certain price.
By setting a price floor, the authorities aimed to stabilize the market and protect producers from price fluctuations.
The price floor was seen as necessary to prevent a sharp decline in agricultural prices.
