Vocab Bloom Hub

price floor

/ˈpraɪs flɔːr/

1 entry

phrase

/ˈpraɪs flɔːr/C1formalbusiness
  • ruУстановленная правительством минимальная цена на товар или услугу, превышающая равновесную рыночную цену, чтобы предотвратить её чрезмерное падение; часто используется для защиты доходов производителей.

A government-imposed minimum price for a good or service, set above the equilibrium market price to prevent it from falling too low, often used to protect producers' incomes.

  1. Minimum legal priceC1formal

    A government-imposed minimum price for a good or service, set above the equilibrium market price to prevent it from falling too low.

    ruМинимальная установленная цена

    • The government set a price floor for wheat to protect farmers' incomes.
    • A price floor on milk ensures dairy producers can cover their costs.
    • Economists debate whether price floors create surpluses in the market.