Essays on Price Control

Purpose

This paper intends to investigate how well the Pakistan pharmaceutical industry’s supply chain system performs. The thesis aims to achieve this purpose by examining the transportation, outsourcing, logistics management, and government regulations, and how these factors influence the efficiency and effectiveness of the pharmaceutical industry of Pakistan. In particular, the paper provides insights into the performance related practices used in the Pakistani pharmaceutical industry. Consequently, it points out the need for more research aimed at capturing dynamics and specific operational characteristics of local networks for development and improvement. Further, by denoting the relationship between system practices and SCM ...

Introduction.

National, local and regional authorities sometimes implement and reinforce price control policies which are legal giving maximum and minimum prices of goods and services in an economy. By doing this, the government and concerned body intervene in the market directly thereby protecting consumers from being exploited. Two common methods that include price ceiling and price floor are in play. Considering the current situation of the government, there is need of immediate intervention as most entrepreneurs are aggressive and therefore maximise profits when given an opportunity (Denny 03).

Question 1:

The government should implement price control in this case because of the ...

Introduction

In a free market structure, the price of commodities is determined by the market forces of demand and supply. Price determination, which is either a reduction or an increment, is determined by the availability of goods and services and the availability of demand in the market. When the commodities supplied are higher than the quantity demanded, prices are likely to be lower whereas when the demand is greater than supply, the prices of goods are likely to be higher. An equilibrium price was attained when the rate of quantity required is equal to the amount provided in the market. On the ...

Demand and Supply

Introduction The paper aims to answer four questions quoted here pertaining to demand and supply of oil and how it is driving the oil prices.

Question 1: How do changes in supply and demand affect oil prices?

Answer: Changes in supply and demand of oil significantly affect oil prices around the world, which is discussed in this section.

Effect of Demand on Oil Prices:

Oil demand is directly correlated with its price, other things remaining constant. The recent trend is such that increase in world over oil demand is putting upward pressure on its price. Globalisation, trade liberalisation and economic growth have resulted in higher oil demand. To a great extent, this growth is being support by ...

Kristin Hall

ECO 201 October 10 - 2014 Section : 1427 Team member Names Executive Summary Crystal Clear Manufacturers is a manufacturing company that makes products named Aldo, Braco, Creo, and Dwat. These products are categorised as Legacy or New. There is a large market that has not been tapped by other manufacturing companies in the region. To explore the potential of this untapped market, Crystal Clear is conducting a sales and marketing analysis for its new and legacy products. A marketing and price communications team is tasked with ensuring that it perform a market analysis of the potential sales ...

Microeconomics is a subtopic of economics that dwells on the behavior of individuals as they make decisions in light of scarce resources. The market activity includes selling and buying goods and services. Microeconomics elaborates decisions made by individuals due to supply and demand in the market to determine the quantity demanded, price of good or service, and the quantity supplied. Conversely, microeconomics entails all the economic activities that affect inflation, unemployment, inflation and growth in the country. Microeconomics highlights the national policies that affect the economy such as the change of the tax levels. The branch of economics strives ...

According to the Philippines’ systematic summary of the 1983 to 2006 Balance of payment, that shows all its transactions in reference to the rest of the world, it is reflected that economy has always been ever changing with inconsistencies and policy experimentations. It is also a reflection of different external and internal factors have affected her economy hence exhibited by a “boom and bust” trend. For many ages, the Philippines have been a largely preferred commercial center owing to its ethnic minority-the pioneer Chinese occupants. During the first and early second millennium, the archipelago had been rampantly visited by people of ...

INTRODUCTION

Inflation has been described by economics in various ways. A simple description of this condition is a reduction in the value of money of a country. An underlying cause of this is imbalance between the quantity of goods and services and the volume of money in circulation in an economy. Increased volume of money in circulation with respect to the goods in the economy causes inflation. Hyperinflation is considered an extreme case of inflation. Many economists only regard it hyperinflation when the rate of inflation is at least 50% per month or 1000% per annum. Most hyperinflations are caused by ...