Price Control

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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.
a form of voluntary and permanent incomes policy based on the social partnership to control wages and prices and international competitiveness;
This results from the Development Plan for Education and University Research adopted in December 1995, and from the use of labour market training programmes which were extended as part of the 1995 incomes policy agreement.
It explains why firms join the association and how the effectiveness of the association can be enhanced by pursuing an incomes policy.
One such example is supplied by the case of some recent changes in the notion of incomes policy.
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.
Although the move towards a centralised wage-bargaining system under the PNR seems to have been responsible for increasing the flexibility of real wages in the aggregate (28), an incomes policy may also freeze inter-skill wage differentials in a way inconsistent with relative skill scarcities, thus leading to inefficient resource allocation and imbalances in segments of the labour market.
To imagine that an incomes policy would regenerate employment on any scale in this sector is quite misconceived if one appreciates the supply-side problem.
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.
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.