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

He shrank ministries, lifted price controls and widened the peso’s trading bands, cooling triple-digit inflation and stabilizing markets.

From The Wall Street Journal

President Richard Nixon’s wage and price controls are considered to be one of the worst economic schemes in modern history.

From Barron's

But if the experience of other industries that have faced threats of price controls from the administration is any guide, investors might actually want to consider buying bank stocks.

From The Wall Street Journal

She helped rein in public spending, stopped enforcing price controls and partially dollarized the economy.

From The Wall Street Journal

What is understood by most economists, however, is that a federal rate cap would function as a price control for the consumer credit markets.

From Barron's

Related Words

• restraint