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What (who) is administered price - definition
Administered prices
PRICE OF GOODS SET BY THE INTERNAL PRICING STRUCTURES OF FIRMS THAT TAKE INTO ACCOUNT COST RATHER THAN THROUGH THE MARKET FORCES
Administered prices are prices of goods set by the internal pricing structures of firms that take into account cost rather than through the market forces of supply and demandM.A.
Price controls
![](https://commons.wikimedia.org/wiki/Special:FilePath/"Prices charged in this store will not exceed those indicated in the most recent list of Fair Prices applicable to this - NARA - 512556.jpg?width=200)
![World War II poster about US price controls](https://commons.wikimedia.org/wiki/Special:FilePath/"Cost of Living 1918-1944" - NARA - 514088.jpg?width=200 "World War II poster about US price controls")
![Protesters call for an increased legal [[minimum wage]] as part of the "Fight for $15" effort to require a $15 per hour minimum wage in 2015. A government-set minimum wage is a price floor on the price of labour.](https://commons.wikimedia.org/wiki/Special:FilePath/Fight for $15 on 4-15 (17161520871).jpg?width=200 "Protesters call for an increased legal [[minimum wage]] as part of the \"Fight for $15\" effort to require a $15 per hour minimum wage in 2015. A government-set minimum wage is a price floor on the price of labour.")
GOVERNMENTAL RESTRICTIONS ON THE PRICES THAT CAN BE CHARGED FOR GOODS AND SERVICES
Price control; Price freeze; Fixed price system; Maximum price; Prices control; Price Controls; Administered price; Administered pricing; Liberalization of prices; Regulate the price; Set the price
Price controls are restrictions set in place and enforced by governments, on the prices that can be charged for goods and services in a market. The intent behind implementing such controls can stem from the desire to maintain affordability of goods even during shortages, and to slow inflation, or, alternatively, to ensure a minimum income for providers of certain goods or to try to achieve a living wage.
Provincially Administered Tribal Areas
TRIBAL AREAS ADMINISTERED BY KHYBER-PAKHTUNKHWA PROVINCE OF PAKISTAN
Provincially Administered Tribal Area
The Provincially Administered Tribal Area (PATA) was the former administrative subdivision of Pakistan designated in the Article 246(b) of the Constitution of Pakistan. No Act of Provincial Assembly can be applied to PATA whereas the Governor of the respective province has mandate parallel to the authority President of Pakistan has over Federally Administered Tribal Areas.
Examples of use of administered price
1. The state–administered price of petrol and diesel, frozen since September, was adequate to compensate refiners if crude oil prices fall by $20 a barrel, officials said.
2. The state–administered price of petrol and diesel, frozen since September, would be adequate to compensate refiners if crude oil prices fell by $20 a barrel, officials said.
3. India raised the administered price of petrol and diesel by 7 per cent on Tuesday, matching a similar increase in June, to partly compensate refiners hit by losses due to expensive crude.
4. The report says it is important to depoliticize the issue of hydrocarbon pricing by actually dismantling administered price mechanism combined with a policy to make kerosene available at affordable prices.
5. Oil firms are clamouring for lower taxes and higher retail prices as global oil prices have soared, but domestic fuel prices have been frozen since September, when the administered price of petrol and diesel was raised 7 per cent.