incomes policy

noun
  1. a government policy to curb inflation that relies on voluntary compliance rather than on mandatory wage, price, or profit controls.

Origin of incomes policy

First recorded in 1955–60
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for incomes policy

incomes policy

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