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Should the price of services and goods ever be controlled?
Price controls are a benefit to society.
Price controls (e.g. through government subsidies) can ensure affordability of goods (e.g. drugs to treat cancer or other disease) that would otherwise be too expensive for most people.
Price controls (e.g.through taxation) can discourage consumers purchasing unhealthy goods (e.g. cigarettes) and contribute to a healthier society.
If you have a set price for goods, it gives smaller companies a chance to compete against bigger companies. If a big company cannot sell its supplies any lower than a local company, a consumer is just as likely to buy from either of them
Price controls may be beneficial to citizens in periods of rapid price increase/decrease if applied to certain key sectors.
Prices need to be controlled in order to ensure consumers and producers are treated fairly.
People have the right to do as they will with their own property, including to sell it at whatever price they choose.
Price controls create black markets.
Allowing for prices to be determined by supply and demand can increase the ability of a society, group or individual to discover where they have comparative advantage thus allowing for better allocation of time and resources.
Should Governments Set Prices for Goods and Services?
Should There be a Universal Basic Income (UBI)?
Is the minimum wage good for the economy overall?