Does government have the right to tell a business to cut down it's price?

[Kross]

The government regulates the business sector in many countries. In view of that, does the government of a country have the right to order a business to reduce it's prices? Is it not supposed to negotiate with the business?

 

[eLdavis]

While government does not have the right to do so, there are several cases where they might intervene, such as during crisis.

 

[Fidelia]

Government has the express right to tell a business to reduce it's prices. They would say they are acting for social good.

 

[Augusta]

Governments do not have the direct right to tell a business to cut its prices. However, governments can influence prices through various means, and have the legal authority to enforce price controls

 

[Min George]

I heard that government has just ordered a satellite TV provider in my country to slash prices by 30%. Don't know how that works though.

 

[Augusta]

I heard that government has just ordered a satellite TV provider in my country to slash prices by 30%. Don't know how that works though.

Yes I think this is about MultiChoice they have to because the prices for us is just too high