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We have to trust the government to monitor prices".
One example was the Food Administration, headed by Herbert Hoover, which worked with industry representatives to ration food and to monitor prices.
Since their systems do not monitor prices for routes continuously, they must hear from the airline, a customer or an alert employee about a fare selling out.
The government also gave some new powers to the Canadian Transportation Agency to monitor prices and address complaints.Although analysts doubt this will have much effect, it has at least encouraged smaller operators to nibble at Air Canada's toes.
Transfer pricing is an issue in all multinational companies and can be used to move profits from one country to another, but it is especially hard for countries to monitor prices on intellectual property, like patents and copyrights.
To compete online, where price and selection are most important, Walmart uses software to monitor prices at competing retailers in real time and lower its prices accordingly, said Kelly Thompson, senior vice president of merchandising.
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But it is up to you to monitor price changes after you buy.
As a result, policymakers need the ability to monitor price trends in order to manage the economy effectively.
Meanwhile, the head of China's central bank said the government would closely monitor price changes to determine its monetary policies.
John C. Rother, policy director of AARP, said the organization had begun to monitor price changes for about 200 commonly prescribed drugs and would periodically report its findings to the public.
But getting that refund involves repeatedly returning to the site to monitor price drops, and using what amounts to guesswork when it comes to determining when to claim the credit.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com