Local governments, which have been Country Email List empowered to determine the prices of the goods and services with the greatest impact on the population, should be cautious when setting prices, so that market shortages and arbitrage do not Country Email List occur. The issue of prices is complex and part of the success of the system rests on it. It is insisted that abusive and speculative prices will not be allowed, especially by the non-state sector. But, at the Country Email List same time, it is necessary to warn that the non-state sector is going to face higher costs.
Even though many do not require imports to Country Email List operate, the rates for basic services will increase considerably and these increases will be passed through to the prices of goods and services. The cost of living is going to increase, which Country Email List will also have an effect on the price level. This same logic applies to the informal sector of the economy which, in the face of chronic product shortages, will continue to exist. The submerged Country Email List market will flourish, beyond the will or the desire that this does not happen.
Taking into consideration that the Country Email List design of the system is prior to the scourge of the covid-19 pandemic and, therefore, rested on assumptions of a less complicated scenario, it should be assessed whether it will be sufficient to index Country Email List salary and pensions to the cost of a basket of goods and services in a specific market segment. What will happen if the price of the basket is higher, or what is the same, what will happen if the Country Email List basket or part of it has to be purchased in other market spaces with higher prices? This will translate into a drop in real wages and social security pensions.