- government regulation of prices by establishing maximum price levels for goods or services, as during a period of inflation.
Origin of price control
First recorded in 1910–15
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
- the establishment and maintenance of maximum price levels for basic goods and services by a government, esp during periods of war or inflation
Measures, usually temporary, taken by governments to limit price rises in times of rapid inflation.
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.