Price control and rationing are direct control measures to check ________.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. inflation.
Price control and rationing are direct control measures to check inflation. These measures are implemented by governments to regulate the prices of essential goods and services, ensuring they remain affordable for the general population. Price controls set maximum prices, while rationing limits the quantity of certain goods that can be purchased. Both strategies aim to prevent price escalation, reduce the impact of inflation on low-income households, and maintain economic stability during periods of crisis or scarcity.