Definition of price controls noun from the Oxford Advanced Learner's Dictionary


price controls

BrE BrE//ˈpraɪs kəntrəʊlz//
; NAmE NAmE//ˈpraɪs kəntroʊlz//
[plural] (economics)
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restrictions that a government puts on the price of goods at particular times, such as when there is not enough of something, when there is a war, etc.
See the Oxford Advanced American Dictionary entry: price controls