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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]].
A '''price control''' is a law or regulation that limits the prices 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]]. Price controls can be imposed in a piecemeal fashion, in the form of either price ceilings or price floors. One example of a price floor are [[minimum wage]] laws.
363 [[federal court]] decisions discuss "price controls" and the "Fifth Amendment," which includes the protection of the [[Takings Clause]] against a deprivation of contract without just compensation, but only 61 [[federal court]] decisions discuss "price controls" and a right to privately contract.<ref>E.g., the terms (("contract clause") or "right to contract" or "privately contract" or (obligations w/3 clause))</ref>
363 [[federal court]] decisions discuss "price controls" and the "Fifth Amendment," which includes the protection of the [[Takings Clause]] against a deprivation of contract without just compensation, but only 61 [[federal court]] decisions discuss "price controls" and a right to privately contract.<ref>E.g., the terms (("contract clause") or "right to contract" or "privately contract" or (obligations w/3 clause))</ref>
== References ==
== References ==
{{reflist}}
==See also==
==See also==