Administered Prices

Administered prices refer to the prices of goods and services that are set or regulated by the government instead of being determined by market forces of demand and supply. These prices are typically applied to essential commodities and services that have significant implications for the economic and social well-being of the population. The primary objective of administered prices is to ensure affordability, stabilize ________ ______ ______ _______ _________ ______ ________.
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