price control

American  

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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price control British  

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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Etymology

Origin of price control

First recorded in 1910–15

Example Sentences

Some countries have turned to direct price controls, which limit how much energy companies—like refiners, gas stations or utilities—can charge.

From The Wall Street Journal

State companies control the distribution of diesel, the dominant motor fuel, managing soft price controls.

From Barron's

State companies control the distribution of diesel, the dominant motor fuel, managing soft price controls.

From Barron's

He shrank ministries, lifted price controls and widened the peso’s trading bands, cooling triple-digit inflation and stabilizing markets.

From The Wall Street Journal

President Richard Nixon’s wage and price controls are considered to be one of the worst economic schemes in modern history.

From Barron's

Related Words

• restraint