Friday, August 6, 2010

Why did Communist Government adopted price control?

macroeconomicsWhy did Communist Government adopted price control?
They had to. They devalued their money to such an extent that other countries would accept payment in gold or platinum only.Why did Communist Government adopted price control?
To punish or reward people as they saw fit, and keep the people poor in general.
the word ';CONTROL'; should tell the whole story.....
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