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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

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C. Jackson Grayson Jr., once head of the Price Commission, suggests that some new productivity formula should be devised that takes more into account the quality as well as the volume of a worker's output.

From Time Magazine Archive

Price Commission staff members are conferring with the Justice Department about ways of getting such damages repaid to consumers without forcing them to sue.

From Time Magazine Archive

Yet, as Price Commission Chairman C. Jackson Grayson observes, inflation also burdens other segments of society; if inflation is to be checked, farmers, too, must sacrifice.

From Time Magazine Archive

Sooner or later, the Pay Board and the Price Commission will have to issue rulings that will be hotly disputed.

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

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