Learn English: Croatia's Modern-Day Price War (normal)

16 hours, 30 minutes ago

Croatia's Modern-Day Price War

Croatia is facing a challenge similar to a historical economic crisis, with soaring prices causing consumer unrest.

Inspired by an ancient Roman emperor's failed attempt at price control, the government introduced new price caps on essential goods.

Retailers who violate the regulations face significant financial penalties, creating a high-stakes scenario.

Economists are watching closely to see if this strategy will prove more successful than its historical counterparts.

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Source

Original: The New York Times

Tags

#Croatia #Price Controls #Inflation #Economics #Diocletian

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