However, this St Helena staple industry fell into decline because of competition from synthetic fibres and also because the delivered price of the island ’ s flax was substantially higher than world prices.

Two different hypothetical types of goods with upward-sloping demand curves are Giffen goods ( an inferior but staple good ) and Veblen goods ( goods made more fashionable by a higher price ).

Romesh Chunder Dutt argued as early as 1900, and present-day scholars such as Amartya Sen agree, that some historic famines were a product of both uneven rainfall and British economic and administrative policies, which since 1857 had led to the seizure and conversion of local farmland to foreign-owned plantations, restrictions on internal trade, heavy taxation of Indian citizens to support British expeditions in Afghanistan ( see The Second Anglo-Afghan War ), inflationary measures that increased the price of food, and substantial exports of staple crops from India to Britain.

The economic issue, in essence, was food prices ; the price of grain was central to the price of the most important food staple, bread, and the working man spent much of his wages on bread.

Enriching peanut farmers for political purposes, keeping the price of a staple low to keep the poor from rebelling, stabilizing the production of a crop to avoid famine years, encouraging diversification and many other purposes have been suggested as the reason for specific subsidies.

The expansion of staple crop production in the colonies led to an increased demand for skilled workers, and the price of indentured agricultural labor increased.

As the price of the cheap staple rises, they can no longer afford to supplement their diet with better foods, and must consume more of the staple food.

The effects of the 2007 – 2008 world food price crisis are not expected to be repeated beyond 2011 due to ample stockpiles of various staple food items.

Potatoes were the largest staple in the Irish diet, so as the price rose it had a large impact on income.

The intent behind implementing such controls can stem from the desire to maintain affordability of staple foods and goods, to prevent price gouging during shortages, and to slow inflation, or, alternatively, to insure a minimum income for providers of certain goods.

As a Georgian staple food, the price of making a Khachapuri is used as a measure of inflation in different Georgian cities by the Khachapuri index, developed by the International School of Economics at Tbilisi State University.

This has caused price fluctuations which are not strongly related to the actual supply of food, according to the United Nations.

" On 29 September, the Convention extended price limits from grain and bread to other household goods and established the Law of the Maximum, intended to prevent price gouging and supply food to the cities.

Cuts in consumer subsidies led to increases in the price of food, medicine, transportation services, and energy.

The proposed measures included the ending of price controls, devaluation of the kwacha, reining in of government spending, cancellation of subsidies on food and fertilizer, and increased prices for farm produce.

Although hunted for food, this duck was considered to taste bad, would rot quickly and fetched a low price.

In some motels, a handful of rooms would be larger and contain kitchenettes or apartment-like amenities ; these rooms were marketed at a higher price as " efficiencies " as their occupants could prepare food themselves instead of incurring the cost of eating all meals in restaurants.

Due to perishability, only about 5 % of the world's potato crop is traded internationally ; its minimal presence in world financial markets contributed to its stable pricing during the 2007 – 2008 world food price crisis.

The new administration also rationalized the extensive list of price controls to 12 basic food items.

Grain, for instance, was usually prohibited from export, unless prices were low, because of fears that grain exports would raise the price of food in England and thus cause food shortages and / or civil unrest.

The program included a comprehensive package of policies which reduced the budget deficit and improved monetary control, substantially depreciated the overvalued exchange rate, liberalized the trade regime, removed most price controls, eased restrictions on the marketing of food crops, freed interest rates, and initiated a restructuring of the financial sector.

The table below shows the percentage of people, and the percentage of households, whose income is below a poverty line which is equal to the price of a market basket of necessities such as food.

The proposed measures included: the ending of price controls ; devaluation of the kwacha ( Zambia's currency ); cut-backs in government expenditure ; cancellation of subsidies on food and fertilizer ; and increased prices for farm produce.

However, a side-effect of the push by some industrial nations to " go green " and utilize biofuels was a decrease in the supply of food and a subsequent increase in the price of the same.

It partially caused the 2007 food price crisis, which seriously affected the world's poorer nations with an even more severe shortage of food.

** The government of Peru announces an austerity plan that results in huge increases in the price of food and gasoline.

* December 13 – The government of Poland announces food price increases.

* Constantine I assigns convicts to grind Rome's flour in a move to hold back the rising price of food in an empire whose population has shrunk as a result of plague ( see 309 AD ).

The scarcity of food drives the price of grain to unprecedented heights, ending a once prosperous era under emperors Taizong and Gaozong on a sad note.

In response to the 2007 – 2008 world food price crisis, the IBRD initiated a Global Food Crisis Response Program which provided food assistance to 40 million people across 44 countries.

The price of food rose sharply during epidemic years, then began to fall very rapidly as there were fewer mouths to feed.

Article 96 of the PRC Law on Food Safety adopted on February 28, 2009 raises the punitive damages to ten times the purchase price additional to the compensatory damages that the victim has already claimed from the producer or seller for food with poor quality not compliant to food safety standards.

Dickson explains that the “ wholesale rise in the price of wheat, oats and barley reflected not just the current supply position, but the dealers ’ assessment as to the state of things later in the year .”

Standardized commodity futures contracts may also contain provisions for adjusting the contracted price based on deviations from the " standard " commodity, for example, a contract might specify delivery of heavier USDA Number 1 oats at par value but permit delivery of Number 2 oats for a certain seller's penalty per bushel.

Thus, the Quaker name or image was adopted by business ventures of non-Quakers, such as oats and oil companies, to imply their fair dealing in price and quality.

If he thus achieves a lyrical, dreamlike, drugged intensity, he pays the price for his indulgence by producing work -- Allen Ginsberg's `` Howl '' is a striking example of this tendency -- that is disoriented, Dionysian but without depth and without Apollonian control.

To document his charge, Pike set up two parallel columns in The Advocate showing the price charged by The Gazette and the considerably lower price for which the work could be done elsewhere.

But the price was the silence of the grave for all criticism or opposition.

In exchange for higher price supports, growers pledged reduction in planted acreage.

The funeral for my husband was just what I wanted and I paid a fair price, far less than I had expected to pay.

The possibility of recall into the Army is part of the price that a modern American has to pay for the enviable heritage of liberty which he enjoys.

They had been through trying times, but their faith in the Almighty had given them the courage and the strength to meet and overcome the many problems and difficulties that were the price they had to pay for freedom.

Such payments shall be made to small domestic producers of lead as long as the market price for common lead at New York, New York, as determined by the Secretary, is below 14-1/2 cents per pound, and such payments shall be 75 per centum of the difference between 14-1/2 cents per pound and the average market price for the month in which the sale occurred as determined by the Secretary.

Such payments shall be made to small domestic producers of zinc as long as the market price for prime western zinc at East Saint Louis, Illinois, as determined by the Secretary, is below 14-1/2 cents per pound, and such payments shall be 55 per centum of the difference between 14-1/2 cents per pound and the average market price for the month in which the sale occurred as determined by the Secretary.

Or you can make pool care the price of swimming for teen-agers.

You can get this added heating feature for as little as $200 more than the price of cooling alone.

Has the probable price situation in your field been forecast as a basis for future planning??

If a concessionaire runs the cafeteria, keep an eye out for quality and price.

There must be a restriction in the deed to provide that the customer may not be charged more than the current market price for the oil, an obvious precaution, since the account is permanently wedded, just like with gas or electricity.

In any given time period, the aggregate demand for the industry's product is determined by two things: the price charged by the industry, and the level of Aj.

The entry-limiting price will also be raised for potential domestic competition, but unless general inflation permits profit margins to increase proportionately throughout the economy, we might expect the public-limit price to approach the entry-limit price.