Monday, October 29, 2012

Price Floors

     I definitely support price floors because they help produce an overall more wealthy economy. In a situation where a price floor would be put into effect a surplus would be a result. In my opinion a surplus is better then a shortage and produces an environment where economic growth is more of a possibility than an environment where there is a shortage. However floors do have their downfalls and can affect production, but I feel that overall floors have more benefits when they are put into place in a controlled environment.

No comments:

Post a Comment