price control
nounUK /praɪs kənˈtrəʊl/
US /praɪs kənˈtroʊl/
A rule that says how much something can cost.
The government put a price control on bread so everyone could afford it.
RELATED WORDS
OTHER MEANINGS
2. A limit set by a government on how high or low a price can be.
The price control kept rent from rising too fast.
3. The act of setting or fixing prices by an authority.
Price control helped keep basic goods cheap during the crisis.
4. A system where officials decide the cost of goods instead of the free market.
During the war, price control was used to stop shops from overcharging.