The most common example of a price floor is the minimum wage.
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By zbc reporter the tobacco industry and marketing board timb covid 19 regulations which demand decentralisation of tobacco auction floors for the current season have come as a blessing in disguise for karoi farmers who say the move has cut unnecessary transport costs on their part.
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For example many governments intervene by establishing price floors to ensure that farmers make enough money by guaranteeing a minimum price that their goods can be sold for.
This is the minimum price that employers can pay workers for their labor.
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The area was originally settled in the 1840s established under the name of mustang branch.
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Farmers branch is an inner ring suburb of dallas with a population nearing 27 000.
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