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price control

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

First recorded in 1910–15
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for price controls

price control

noun
  1. the establishment and maintenance of maximum price levels for basic goods and services by a government, esp during periods of war or inflation
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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

price controls in Culture

price controls

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

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