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price control

Syllabification: price con·trol

Definition of price control in English:

noun

A government regulation establishing a maximum price to be charged for specified goods and services, especially during periods of war or inflation.
Example sentences
  • The shackles of price control and regulatory levies must be removed from us in favour of competition,’ Mr Mohan said.
  • Gittens here faults economists for dismissing the public's demands for price control as irrational, or as merely the expression of a vested interest.
  • Pumping in more money while imposing direct price control and hoping thereby to stem inflation is very much like trying to cure a fever by holding down the mercury column in the thermometer.

Definition of price control in:

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