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(Commerce) the establishment and maintenance of maximum price levels for basic goods and services by a government, esp during periods of war or inflation
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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|Noun||1.||price control - restriction on maximum prices that is established and maintained by the government (as during periods of war or inflation)|
control - the economic policy of controlling or limiting or curbing prices or wages etc.; "they wanted to repeal all the legislation that imposed economic controls"
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