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

They are franchise companies, with a degree of monopoly power and price control.

From Barron's

The damage has been greater for development on small-molecule pills, which are subject to the price controls four years earlier than biologics.

From The Wall Street Journal

In return for no U.S. pharma tariffs, the U.K. will ease price controls.

From The Wall Street Journal

Such price controls also exact an economic cost.

From The Wall Street Journal

During the Korean War, inflationary pressures were partly restrained through temporary wage and price controls.

From The Wall Street Journal

Related Words

• restraint