rigid price

He is stuck with the same rigid pricing arrangements for the next five years.

The plan would not resort to rigid price controls, which would inevitably lead to rationing.

"The Kinky Oligopoly Demand and Rigid Prices" The Journal of Political Economy Vol.

"For a lot of savvy people in business, barter's a way to get around a rigid pricing system and make more sales," said David Woodruff, a visiting professor at European University in St. Petersburg.

Complex of Controls and Subsidies The rigid pricing system is a complex fabric of Government controls and subsidies with isolated patches of quasi-free market economies, including farm markets that sell produce from private plots.

Stephen Marris, economist at the Institute for International Economics, explained that under a rigid price rule like the old gold standard, countries would slow the growth of their money supplies if the price of gold or an index of commodity prices started rising, signaling growing inflation.