Price Control

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Related to Incomes policy: Prices and incomes policy, Wage and price controls

Price Control

A government regulation limiting the percentage (or, rarely, dollar amount) by which a price for a good or service can change over a given period of time. Price controls have been used to combat inflation, though they are rarely successful. Price controls may also be utilized to protect a favored industry, and are used most commonly to provide a minimum price for agricultural products. See also: Wage control, Price ceiling, Price floor.
References in periodicals archive ?
However, the evaluation of retirement incomes policy is more complicated than in other policy domains.
1 The tax-based incomes policy of Jackman and Layard uses taxes on wages or wage increases that are then paid back to firms on a per worker basis.
role for an incomes policy to play in shortening the period between suppression of excess demand and restoration of reasonable price stability.
Monetary policy will be supported by a restrictive incomes policy.
Prices and incomes policy was still expected to deal with inflation; fiscal and monetary policy to maintain demand, and a declining exchange rate could take care of competitiveness.
The author's program features expansionary demand policies, together with a flexible incomes policy and an active manpower policy.
Ed Sweeney, a lifelong trade unionist who used to be general secretary of the banking unions Bifu and Unifi, also said the UK Government's public sector incomes policy that involves imposing pay rises well below inflation was "unsustainable".
Memories appear to forget the 18 years of Tory misrule when Maggie removed the dodgy but fairer prices and incomes policy and when our economy was more stable than it is now.
It stiffened the resolve of strikers and managers alike as British industry lost its way, it lured the Heath Government into its disastrous prices and incomes policy - and its link with the state pension kept elderly people from going hungry - all because people believed it.
For this book, he divides his topic into four main themes: the structure and organization of trade unions, strikes, incomes policy, and trade union legislation.
In addition, the other elements of the Pacto such as price and incomes policy should be adhered to and kept in line with the previous inflationary targets.
Next, in Chapter 2, Professor Lustig reviews the relative performance of the various stabilization and adjustment measures implemented by the Mexican government since 1983, culminating with the implementation of an incomes policy in 1988 known as the Economic Solidarity Pact.