price control

noun

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

price control

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

Word History and Origins

Origin of price control¹

First recorded in 1910–15

Example Sentences

US restaurant sales are back to pre-pandemic levels, and the companies argue the price control is no longer related to a public-health emergency but “driven by naked animosity towards third-party platforms.”

From Quartz

“New York City Council passed harmful, unnecessary, and unconstitutional price controls which leave us no choice but to resolve this matter in court, as we did in San Francisco,” a DoorDash spokesman said in a statement.

From Washington Post

Those permanent price controls will harm not only Plaintiffs, but also the revitalization of the very local restaurants that the City claims to serve.

From TechCrunch

Yet, the City of New York has taken the extraordinary measure of imposing permanent price controls on a private and highly competitive industry—the facilitation of food ordering and delivery through third-party platforms.

From TechCrunch

It became accepted on all sides that price control was the one method to correct the inequalities of war conditions.

From Project Gutenberg

Price control had an effect on the morale of large strata of the population.

From Project Gutenberg

Unless the Price Control Act is renewed there will be no limit to which our price levels would soar.

From Project Gutenberg

Related Words

• restraint