- The control and regulation by the government, state, or federal, of the prices at which commodities may be marketed. Charles Uhden, Inc. v Greenough, 181 Wash 412, 43 P2d 983, 98 ALR 1181. Relieving farmers from unfavorable economic conditions by maintaining a price for a farm product or products by government purchases, government loans, or a planned and accomplished reduction of acreage devoted to a particular crop or crops. 3 Am J2d Agri §§ 26, 27. The exercise of the war powers of Congress in providing an effective means for the control of prices of commodities, thus preventing unbridled price inflation. 56 Am J1st War § 39. The exercise of the legislative power in fixing prices of motor vehicles, particularly maximum-price allowances for used cars. 7 Am J2d Auto § 34. Partaking of a judicial nature in some aspects, of a legislative character in others. 1 Am J2d Admin L § 181.
Ballentine's law dictionary. Anderson, W.S.. 1998.
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price control — ➔ control1 * * * price control UK US noun [C or U] ► ECONOMICS, GOVERNMENT a limit set by a government on the price that can be charged by companies for particular products or services: »On several occasions in recent years, price controls have… … Financial and business terms
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