KRWG.ORG-The Region's Home Page
Mon November 11, 2013
Venezuelan Government Gets Tough On Price Gouging Retailers
Originally published on Mon November 11, 2013 3:52 am
In a pre-Christmas offensive to lower prices, the Venezuelan government has taken over a nationwide chain of electronics and appliance stores that it accuses of price gouging. That's led to huge lines outside the stores as shoppers snap up cut-rate refrigerators and computers. As Venezuela's socialist government combats surging inflation, it's warning that more takeovers are ahead.