Fiji Sun Monday 03 July 2017 What is Price Control?
Price controls are government-mandated legal minimum or maximum prices set for specified goods, usually implemented as a means of direct economic intervention to manage the affordability of certain goods.
One of the reasons that governments invoke price controls is to ensure that goods and services are sold at a ‘fair’ price.
Why Price Control for Cement?
Cement is a critical ingredient in the manufacturing of concrete and other products.
It represents a basic ingredient towards infrastructure construction, which is essential for growing virtually all the sectors thus adding to higher levels of economic growth.
In addition, it represents a basic social stratum in terms of housing needs and sanitation.
It is essential for the establishment of transport corridors, gateways, airports, seaports and networks needed for regional integration and customs facilitation. Read more…
