| Author | Message | ||
     Sanman Side Hero Username: Sanman Post Number: 5111 Registered: 08-2010 Posted From: 66.177.5.103 Rating: |
Price fixing is an agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand. The group of market makers involved in price fixing is sometimes referred to as a cartel. I have never heard any politician talk about this so far in India. Sad part is govt does this more than anyone else. Almost in every business there is a cartel including media. They get together and decide how much they should charge. The only healthy business i see in India is electronics. There is no price fixing by govt so the prices are always going down. Programs like aarogya sri and fee reimbursement are another way of price fixing. They don't allow the prices to go down along time. they stagnate them or drive them up because they are supported by government, thus causing a loss to common man. MSRP is another big price fixing. It discourages innovation and entrepreneurship. http://en.wikipedia.org/wiki/Price_fixing Post the examples that you know of this. One thing that comes to mind is movie producers deciding how much they should pay to tv channels for movie advertisements. I don't know if it is still in effect. Guys lot of us wonder why US is so developed and why India has so many problems. We should pay attention to stuff like this that have long reaching effects that are completely ignored by legislature in India. Life is like butterfly, all you need to do is hold it in ur hands and enjoy it - Lokesh baba |
