price control

price control
The control and regulation by the government, state, or federal, of the prices at which commodities may be marketed. Charles Uhden, Inc. v Greenough, 181 Wash 412, 43 P2d 983, 98 ALR 1181. Relieving farmers from unfavorable economic conditions by maintaining a price for a farm product or products by government purchases, government loans, or a planned and accomplished reduction of acreage devoted to a particular crop or crops. 3 Am J2d Agri §§ 26, 27. The exercise of the war powers of Congress in providing an effective means for the control of prices of commodities, thus preventing unbridled price inflation. 56 Am J1st War § 39. The exercise of the legislative power in fixing prices of motor vehicles, particularly maximum-price allowances for used cars. 7 Am J2d Auto § 34. Partaking of a judicial nature in some aspects, of a legislative character in others. 1 Am J2d Admin L § 181.

Ballentine's law dictionary. . 1998.

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  • price control — ➔ control1 * * * price control UK US noun [C or U] ► ECONOMICS, GOVERNMENT a limit set by a government on the price that can be charged by companies for particular products or services: »On several occasions in recent years, price controls have… …   Financial and business terms

  • price control — n. the setting of ceiling prices on basic goods and services by a government, as to fight inflation …   English World dictionary

  • price control — UK / US noun [countable/uncountable] Word forms price control : singular price control plural price controls economics control by the government over prices of goods and services …   English dictionary

  • price control — price con,trol noun count or uncount control by the government over prices of goods and services …   Usage of the words and phrases in modern English

  • price control — price con.trol n [U and C] a system in which the government decides the prices of things …   Dictionary of contemporary English

  • price control — government regulation of prices by establishing maximum price levels for goods or services, as during a period of inflation. [1910 15] * * * …   Universalium

  • price control — Restrictions by a government on the prices of consumer goods, usually imposed on a short term basis as a measure to control inflation. See also prices and income policy …   Big dictionary of business and management

  • price control — noun restriction on maximum prices that is established and maintained by the government (as during periods of war or inflation) • Hypernyms: ↑control …   Useful english dictionary

  • price control — fixing of prices (often by government agencies) …   English contemporary dictionary

  • price control — noun (U) a system in which the government sets the prices of things; …   Longman dictionary of contemporary English

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