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Price Ceiling
A price ceiling is a government- or group-imposed price control, or limit, on how high a price is charged for a product, commodity, or service. Governments use price ceilings to protect consumers from conditions that could make commodities prohibitively expensive. Such conditions can occur during periods of high inflation, in the event of an investment bubble, or in the event of monopoly ownership of a product, all of which can cause problems if imposed for a long period without controlled rationing, leading to shortages. Further problems can occur if a government sets unrealistic price ceilings, causing business failures, stock crashes, or even economic crises. On the other hand, price ceilings give a government to the power to prevent corporations from price gouging or otherwise setting prices that create negative outcomes for the government's society. While price ceilings are often imposed by governments, there are also price ceilings that are implemented by non-governmental ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Price Control
Price controls are restrictions set in place and enforced by governments, on the prices that can be charged for goods and services in a market. The intent behind implementing such controls can stem from the desire to maintain affordability of goods even during shortages, and to slow inflation, or alternatively to ensure a minimum income for providers of certain goods or to try to achieve a living wage. There are two primary forms of price control: a price ceiling, the maximum price that can be charged; and a price floor, the minimum price that can be charged. A well-known example of a price ceiling is rent control, which limits the increases that a landlord is permitted by government to charge for rent. A widely used price floor is minimum wage (wages are the price of labor). Historically, price controls have often been imposed as part of a larger incomes policy package also employing wage controls and other regulatory elements. Although price controls are routinely used by go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rent Control
Rent regulation is a system of laws for the rental market of dwellings, with controversial effects on affordability of housing and tenancies. Generally, a system of rent regulation involves: *Price controls, limits on the rent that a landlord may charge, typically called rent control or rent stabilization *Eviction controls: codified standards by which a landlord may terminate a tenancy *Obligations on the landlord or tenant regarding adequate maintenance of the property *A system of oversight and enforcement by an independent regulator and ombudsman The loose term "rent control" covers a spectrum of regulation which can vary from setting the absolute amount of rent that can be charged, with no allowed increases, to placing different limits on the amount that rent can increase; these restrictions may continue between tenancies, or may be applied only within the duration of a tenancy. As of 2016, at least 14 of the 36 OECD countries have some form of rent control in effect, i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Dollar
The Australian dollar (currency sign, sign: $; ISO 4217, code: AUD; also abbreviated A$ or sometimes AU$ to distinguish it from other dollar, dollar-denominated currencies; and also referred to as the dollar or Aussie dollar) is the official currency and Legal tender#Australia, legal tender of Australia, including States and territories of Australia, all of its external territories, and three independent sovereign Pacific Islands, Pacific Island states: Kiribati, Nauru, and Tuvalu. * ThMoney Trackersite allows users to track Australian banknotes as they circulate around Australia. Images of historic and modern Australian bank notes* [https://www.rba.gov.au/statistics/historical-data.html?v=2022-09-25-02-11-35#exchange-rates Reserve Bank of Australia – historical data of AUD since 1969 (various .xls files)] The banknotes of Australia {{Authority control 1966 establishments in Australia Articles containing video clips Circulating currencies Currencies int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Pound
The pound (sign: £, £A for distinction) was the currency of Australia from 1910 until 14 February 1966, when it was replaced by the Australian dollar. Like other £sd currencies, it was subdivided into 20 shillings (denoted by the symbol s or /–), each of 12 pence (denoted by the symbol d). History The establishment of a separate Australian currency was contemplated by section 51(xii) of the Constitution of Australia, which gave the Federal Parliament power to legislate with respect to "currency, coinage, and legal tender". Establishment Coinage The Deakin government's ''Coinage Act 1909'' distinguished between "British coin" and "Australian coin", giving both status as legal tender of equal value. The Act gave the Treasurer the power to issue silver, bronze and nickel coins, with the dimensions, size, denominations, weight and fineness to be determined by proclamation of the Governor-General. The first coins were issued in 1910, produced by the Royal Mint in Lond ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Depression In Australia
Australia was affected badly during the period of the Great Depression of the 1930s. The Depression began with the Wall Street crash of 1929 and rapidly spread worldwide. As in other nations, Australia had years of high unemployment, poverty, low profits, deflation, plunging incomes, and lost opportunities for economic growth and personal advancement. The Australian economy and foreign policy largely rested upon its place as a primary producer within the British Empire, and Australia's important export industries, particularly primary products such as wool and wheat, suffered significantly from the collapse in international demand. Unemployment reached a record high of around 30% in 1932, and gross domestic product declined by 10% between 1929 and 1931. There were also incidents of civil unrest, particularly in Australia's largest city, Sydney. Though Australian Communist and far right movements were active in the Depression, they remained largely on the periphery of Australia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North Melbourne Football Club
The North Melbourne Football Club, nicknamed the Kangaroos or colloquially the Roos, is a professional Australian rules football club. The men's team competes in the Australian Football League (AFL), and the women's team in the AFL Women's (AFLW). The Kangaroos also field a Australian Football League reserves affiliations, reserves men's team in the Victorian Football League (VFL) and women's team in the VFLW. Founded informally in the suburb of North Melbourne by the North Melbourne Cricket Club in 1860 and based at the Arden Street Oval since the 29th April 1882, after playing its last game against Richmond at Royal Park on Saturday 22nd April, 1882, it is the List of Australian rules football clubs by date of establishment, 4th oldest club in the competition and one of the oldest surviving clubs in the world. Playing football first at Royal Park historically its home at Arden Street continues to serve as its headquarters, training facilities and home ground for its w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hawthorn Football Club
The Hawthorn Football Club, nicknamed the Hawks, is a professional Australian rules football club based in Mulgrave, Victoria, that competes in the Australian Football League (AFL). The club was founded in 1902 in the inner-east suburb of Hawthorn, Victoria, Hawthorn, making it the youngest Victorian-based team in the AFL. Hawthorn is the only club to have won premierships in each decade of the 1960s, 1970s, 1980s, 1990s, 2000s, and 2010s. In total, it has won 13 senior VFL/AFL premierships. The team play in brown-and-gold vertically striped Guernsey (Australian rules football), guernseys. The club's Latin motto is ''spectemur agendo'', the English translation being "Let us be judged by our acts." Hawthorn have competitive rivalries with a handful of teams, but their two fiercest and longest-standing are with Geelong Football Club, Geelong and Essendon Football Club, Essendon. Upon inception and until 1973, the Hawks played home matches at Glenferrie Oval in Hawthorn; they subs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Footscray Football Club
The Western Bulldogs are a professional Australian rules football club based in the Melbourne suburb of Footscray. The club competes in the Australian Football League (AFL), the sport's premier competition. Originally named the Footscray Football Club the club cites a foundation year of 1877, and it adopted the name of the local borough. The club won nine premierships in the Victorian Football Association (VFA) before gaining admission to the Victorian Football League (which became the AFL in 1990) in 1925. The club has won two VFL/AFL premierships, in 1954 and 2016 and was runner-up in 1961 and 2021. The club has developed a strong support base to the west of the city, traditionally a working-class area. Docklands Stadium, in the city's inner-west, has served as the club's home ground since 2000, while its headquarters and training facilities are at its traditional home ground, the Whitten Oval. The club also plays home games at Mars Stadium in the city of Ball ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Victorian Football League (1897–1989)
The Australian Football League (AFL) is the pre-eminent professional sports, professional competition of Australian rules football. It was originally named the Victorian Football League (VFL) and was founded in 1896 as a breakaway competition from the Victorian Football League#Victorian Football Association, Victorian Football Association (VFA), with its 1897 VFL season, inaugural season in 1897. It changed its name to Australian Football League in 1990 after expanding its competition to other Australian states in the 1980s. The AFL publishes its ''Laws of Australian football'', which are used, with variations, by other Australian rules football organisations. The AFL competition currently consists of 18 teams spread over Australia's five mainland states, with to join the league as its 19th team in 2028. AFL premiership season matches have been played in all states and mainland territories, as well as in New Zealand and China to expand its audience. The AFL premiership season ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Rules Football
Australian football, also called Australian rules football or Aussie rules, or more simply football or footy, is a contact sport played between two teams of 18 players on an Australian rules football playing field, oval field, often a modified cricket ground. Points are scored by kicking the Football (ball)#Australian rules football, oval ball between the central goal posts (worth six points), or between a central and outer post (worth one point, otherwise known as a "behind"). During general play, players may position themselves anywhere on the field and use any part of their bodies to move the ball. The primary methods are kick (football), kicking, handball (Australian rules football), handballing and running with the ball. There are rules on how the ball can be handled; for example, players running with the ball must intermittently running bounce, bounce or touch it on the ground. Throwing the ball is not allowed, and players must not get caught holding the ball. A distinctiv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wage Ceiling
A maximum wage, also often called a wage ceiling, is a legal limit on how much income an individual can earn. It is a prescribed limitation which can be used to effect change in an economic structure. Implementation No major economy has a direct earnings limit, though some economies do incorporate the policy of highly progressive tax structures in the form of scaled taxation. A vote to implement a maximum wage law in Switzerland failed with only a 34.7% vote for approval. Maximum liquid wealth A ''maximum liquid wealth'' policy restricts the amount of liquid wealth an individual is permitted to maintain, while giving them unrestricted access to non-liquid assets. That is to say, an individual may earn as much as they like during a given time period, but all earnings must be re-invested (spent) within an equivalent time period; all earnings not re-invested within this time period would be seized. This policy is only arguably a valid maximum wage implementation, as it does not ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hitas
Hitas is a system for regulating the price and quality of apartments in Helsinki, Finland. The system is intended to provide affordable owned apartments to Helsinkians. Apartments within the Hitas system are set a maximum selling price already when the lot is signed over for construction, and this maximum selling price may not be exceeded even when selling the apartment afterwards. The system includes approximately 18 000 apartments, all of them in Helsinki. Hitas regulated apartments are generally a little less expensive than those on the free market, depending on the location and date of building. All Hitas apartments are situated on lots rented from the city. Formation of the maximum selling price {{update, date=April 2020 The current market index was taken into use on 1 March 2004. Before this, the Hitas maximum price was calculated by a specific Hitas price index. However, the index change had a negative effect on the price of apartments built from 1988 to 1990, and so a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
