price controls

price control

noun
government regulation of prices by establishing maximum price levels for goods or services, as during a period of inflation.

Origin:
1910–15

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Collins
World English Dictionary
price control
 
n
the establishment and maintenance of maximum price levels for basic goods and services by a government, esp during periods of war or inflation

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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American Heritage
Cultural Dictionary

price controls definition


Measures, usually temporary, taken by governments to limit price rises in times of rapid inflation.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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