incomes policy


noun

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

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Origin of incomes policy

First recorded in 1955–60
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

British Dictionary definitions for incomes policy

incomes policy

noun

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