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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 increase must still be approved by the Price Commission, but most FCC commissioners believe their action falls within the guidelines.

From Time Magazine Archive

THREE: The Price Commission will have authority to order a price rollback by any company making "windfall" profits.

From Time Magazine Archive

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

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

A machine-tool maker, for example, could conceivably be fined $5,000 for every tool shipped at a higher price than the Price Commission proposes to allow.

From Time Magazine Archive

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