Difference between revisions of "Price control"
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(New page: A '''price control''' is a law or regulation that limits the maximum price that can be charged for a good or service. Historically its use in free enterprise economies has mostly ...) |
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Revision as of 14:45, January 12, 2008
A price control is a law or regulation that limits the maximum price that can be charged for a good or service. Historically its use in free enterprise economies has mostly been limited to times of war, but has also been imposed in times of peace as a misguided way of controlling the economy.