What is another word for price floor?
Pronunciation: [pɹˈa͡ɪs flˈɔː] (IPA) 
A price floor is a term that is commonly used in economics to describe the lowest price that can be charged for a commodity or service. However, there are several synonyms that can be used interchangeably with price floor. These include minimum price, support price, and bottom price. In essence, the concept remains the same, and these synonyms describe the minimum price level that is set by the government or a regulatory body to ensure that producers can earn a fair return on their investment. Price floors are typically set for products such as agricultural goods, energy, or labor, with the goal of protecting producers from low prices and ensuring market stability.
