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Home > Principles of Microeconomics (Video) > Price Controls and Communism
Podcast: Principles of Microeconomics (Video)
Episode:

Price Controls and Communism
Category: Education
Duration: 00:03:35
Publish Date: 0000-00-00 00:00:00
Description: What happens when the prices of all goods are controlled? Under communism, or a command economy, this is exactly what occurs. As a result, all of the effects of price controls become amplified: there are even more shortages or surpluses of goods, lower...
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