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[–] -1 points 2 years ago* (3 children)

Can i have your list of valid countries to choose from so that my answer doesn't get disqualified for picking a third world country.

a maximum retail price exists for most if not all goods in India. And it helps slow down inflation.

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  • [–] 3 points 2 years ago (2 children)

    India would be perfectly valid if it wasn't experiencing high inflation just like everyone else. Which it is.

    https://finimize.com/content/rbi-chief-urges-india-to-cut-inflation-despite-strong-growth

    You can't fix inflation just by setting a max price. It leads to shortages or (more common in India's case) retailers finding loopholes:

    https://www.thehindu.com/opinion/op-ed/maximum-retail-price-is-an-archaic-dysfunctional-mechanism/article7452745.ece

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  • [–] 1 point 2 years ago (1 child)

    Didn't say it solves inflation. You cant stop a global phenomenon happening. You can ease it.

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