Three, we need to control industrial use of land and resolutely follow minimum price standards for the transfer of land for industrial use.
Will this new minimum price change much?
And once the principle of a minimum price has been established, the government or its successors can raise it.
On January 18th the sigh of relief with which the Wine and Spirit Trade Association greeted government plans to impose a minimum price on alcohol in England and Wales was almost audible.
Now consider the case in which the central bank wants to establish a bond price that is above the market equilibrium price; in fact, the central bank is then pursuing a minimum price policy for bonds.
(in an auction) the minimum price at which a seller of property will entertain bids.
But if imposing a minimum price on alcohol is the solution, what, precisely, is the problem?
To see this in action, try creating a new listing and entering a minimum price that is higher than the maximum price.
Guaranteeing a minimum price also means there is no incentive to improve quality, grumble coffee-drinkers, who find that the quality of Fairtrade brews varies widely.
The two were likely to reach an impasse because the buyer had been told he could not afford what the seller was told was his minimum price.