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Price Commission
(redirected from Prices Commission)

   Also found in: Wikipedia 0.01 sec.
Price Commission
n
(Historical Terms) (in Britain) a commission established by the government in 1973 with authority to control prices as a measure against inflation. It was abolished in 1980


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Specifically, in response to the food crisis of the mid-1960s, the government took a holistic approach to food security and set up the Agricultural Prices Commission and the Food Corporation of India (FCI) in order to strengthen domestic procurement and storage.
The National Prices Commission streamlined prices in the 1970s and that stifled competition too much.
The Prices Commission said: "UK companies have been handicapped by the strong continuing preference for certain Irish products in Ireland.
 
 
 
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