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Definition of price control in English: price controlnoun usually price controlsA government regulation establishing a maximum price to be charged for specified goods and services, especially during periods of war or inflation. the recent surge in inflation has been fuelled by a relaxation of price controls in the past 12 months Example sentencesExamples - 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.
- Inevitably price control meant that state-owned companies lost money and, in the absence of state subsidies, a large chunk of the economy was bankrupted.
- The shackles of price control and regulatory levies must be removed from us in favour of competition,’ Mr Mohan said.
- A spokesman said: ‘Transco would not have agreed to the price control if it prevented it from meeting its legal obligations to run a safe gas network.’
- Gittens here faults economists for dismissing the public's demands for price control as irrational, or as merely the expression of a vested interest.
Definition of price control in US English: price controlnounprīs kənˈtrōl A government regulation establishing a maximum price to be charged for specified goods and services, especially during periods of war or inflation. the recent surge in inflation has been fueled by a relaxation of price controls in the past 12 months Example sentencesExamples - 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.
- Inevitably price control meant that state-owned companies lost money and, in the absence of state subsidies, a large chunk of the economy was bankrupted.
- A spokesman said: ‘Transco would not have agreed to the price control if it prevented it from meeting its legal obligations to run a safe gas network.’
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