price control


noun

government regulation of prices by establishing maximum price levels for goods or services, as during a period of inflation.

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“I do believe that the buck stops here, that I cannot rely upon public opinion polls to tell me what is right. I do believe that right makes might and that if I am wrong, 10 angels swearing I was right would make no difference.”

Origin of price control

First recorded in 1910–15
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

British Dictionary definitions for price control

price control

noun

the establishment and maintenance of maximum price levels for basic goods and services by a government, esp during periods of war or inflation
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