price control Synonyms
No Synonyms and anytonyms found
price control Meaning
Wordnet
price control (n)
restriction on maximum prices that is established and maintained by the government (as during periods of war or inflation)
price control Sentence Examples
- Price controls imposed during the war aimed to prevent inflation and ensure equitable access to essential goods.
- The government implemented price controls on gasoline to mitigate the impact of rising oil prices.
- Retailers faced substantial fines for violating price control regulations.
- Price controls often create shortages and black markets where goods are sold illegally at higher prices.
- Critics argue that price controls stifle competition and hinder market efficiency.
- Producers may reduce supply or switch to alternative markets if price controls limit their profits.
- Governments must weigh the benefits of price controls against their potential negative consequences.
- Rent control laws are a form of price control that limit the amount landlords can charge for housing.
- Price controls during the Great Depression exacerbated economic problems and prolonged the recession.
- It is essential to consider the long-term effects of price controls before implementing them.
FAQs About the word price control
restriction on maximum prices that is established and maintained by the government (as during periods of war or inflation)
No synonyms found.
No antonyms found.
Price controls imposed during the war aimed to prevent inflation and ensure equitable access to essential goods.
The government implemented price controls on gasoline to mitigate the impact of rising oil prices.
Retailers faced substantial fines for violating price control regulations.
Price controls often create shortages and black markets where goods are sold illegally at higher prices.
