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Price controls can do more harm than good Editorial 3rd Sep’19 Livemint

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Headline : Price controls can do more harm than good Editorial 3rd Sep’19 Livemint

Details :

Logic behind pricing of pharmaceutical products:

Government caps life-saving drugs:

Proposed government price control on a new list of hygiene products:

Correct objective but wrong method:

Companies should be able to price their products:

Market will ensure correct pricing of products:

Price caps lead to products going out of market:

Government intervention will discourage innovation:

Government can intervene by subsidizing customers:

Conclusion:

Importance:

GS Paper III: EconomySection : Editorial Analysis

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