Evaluating the Effectiveness of Price Monitoring Mechanisms in Reducing the Monopoly of Essential Goods in Egypt: A Comparative Analytical Study.

This research aims to analyze the strengths and weaknesses of price monitoring mechanisms to determine their effectiveness in curbing the monopoly of essential goods in Egypt. The research will analyze the impact of price control policies on market competition, consumer welfare, and the availability and price stability of essential goods. Through comparing price monitoring mechanisms in a variety of countries, this study aims to offer suggestions and recommendations regarding the most effective strategies to address monopolistic practices in the Egyptian market amid the current economic crisis. The study adopts a mixed-methods approach, combining both qualitative and quantitative data. The analytical approach is evident in the analysis of secondary data from various sources about market structure, pricing, production, and consumption of essential goods in Egypt. The comparative approach is reflected in the study of different price monitoring mechanisms applied in Egypt and comparing them with similar mechanisms used in other countries. This includes case studies of countries in different regions such as the Gulf Arab states, the European Union, and Asia. The study concludes that the effectiveness of government measures for price control and monitoring in Egypt depends on their long-term implementation, adaptation to changing conditions, and continued efforts to address the fundamental economic and social factors contributing to the crisis. The effectiveness of price monitoring mechanisms in Egypt is also greatly affected by the uncertainty in the Egyptian markets due to the deteriorating economic situation and the instability of the local currency exchange rate. By studying the experiences of different countries in controlling the prices of essential goods, it was found that there is a great variety in the mechanisms applied by these countries to regulate the markets and control the prices of essential goods.