Also known as communism. Price Control worked really well in Kazakhstan recently. The gas price was controlled to keep the price of gas low for its population. The result was that the neighbouring countries paid full price, and the population did not get any. When they tried to raise the price to address the market driven shortfall, people got angry.
Also known as communism. Price Control worked really well in Kazakhstan recently. The gas price was controlled to keep the price of gas low for its population. The result was that the neighbouring countries paid full price, and the population did not get any. When they tried to raise the price to address the market driven shortfall, people got angry.
Many such stories.