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Price Commission

British  

noun

  1. (in Britain) a commission established by the government in 1973 with authority to control prices as a measure against inflation. It was abolished in 1980

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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The chairmen of the Pay Board and Price Commission will have authority to seek injunctions and fines against violators big or small; such cases will be prosecuted by the Justice Department.

From Time Magazine Archive

C. Jackson Grayson Jr., once head of the Price Commission, suggests that some new productivity formula should be devised that takes more into account the quality as well as the volume of a worker's output.

From Time Magazine Archive

The Price Commission will set standards applying to the fees that the self-employed repairman can charge; the Pay Board will draw up rules governing what wages the employee repairman can collect.

From Time Magazine Archive

TWO: After devising general rules, the Pay Board and the Price Commission will weigh particular increases case by case.

From Time Magazine Archive

Major points: ONE: A Pay Board and a Price Commission will be created as the heart of the Phase II apparatus.

From Time Magazine Archive

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