Price Control


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Related to Price Control: price support, Price ceiling

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 ?
He said that overall performance of all price control magistrates is satisfactory.
Gulf News: Isn't there a risk that with price controls pharma majors might be hesitant about launching new drugs into the market?
Using price controls to squeeze out American medical products from its market--which could become the world's largest--only would add fuel to the proverbial fire.
An article in The National this Monday said, "supermarket bosses have revealed how they will maintain profits while paying for the Government's price control scheme -- the extra cost will be classified as corporate giving.
This provision replaces the free marketplace with a price control scheme governed by three unelected "electronic payment judges" -- under control of the federal government.
IN MY EARLIER REGULATION ARTICLE "DRUG Research and Price Controls" (Winter 2002), I summarized my empirical findings on how pharmaceutical price controls in the United States would reduce industry investment into research and development.
However, strict price controls will be put in place for the next few years to limit further increases.
Government-imposed price controls, regardless of their structure, would have an overall negative impact on consumer cost, quality and access to health-care benefits, the academy says in its position statement on anti-competitive drug pricing.
If the seller of the controlled good is a governmental agency, the government's nominal spending may have to rise to subsidize the seller for the sales revenues it lost under price control.
The CMA has published its final determinations in 2 appeals against Ofgem s price control decision for electricity distribution network operators.
In a statement here Wednesday, ATD Balochistan president Umrauddin Agha and other office bearers regretted that the price control authorities have failed to ensure implementation of price control list in the city.