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Who was the First ruler to introduce price control policy?
Jalal-ud-din Khalji
Alauddin Khalji
Qutb al-Din Aibak
Muhammad-Bin-Qasim
Alauddin Khalji taxation methods and increased taxes reduced agriculture output and the Sultanate witnessed massive inflation. In order to compensate for salaries that he had cut and fixed for Muslim officials and soldiers, Alauddin introduced price controls on all agriculture produce, goods, livestocks and slaves in kingdom, as well as controls on where, how and by whom these could be sold. Markets called shahana-i-mandi were created. Price controls instituted by Khalji reduced prices, but also lowered wages to a point where ordinary people did not benefit from the low prices. The price control system collapsed shortly after the death of Alauddin Khalji, with prices of various agriculture products and wages doubling to quadrupling within a few years.
By: ANIVESH KUMAR ProfileResourcesReport error
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