Price controls
GOVERNMENTAL RESTRICTIONS ON THE PRICES THAT CAN BE CHARGED FOR GOODS AND SERVICES
Price control; Price freeze; Fixed price system; Maximum price; Prices control; Price Controls; Administered price; Administered pricing; Liberalization of prices; Regulate the price; Set the price
Price controls are restrictions set in place and enforced by governments, on the prices that can be charged for goods and services in a market. The intent behind implementing such controls can stem from the desire to maintain affordability of goods even during shortages, and to slow inflation, or, alternatively, to ensure a minimum income for providers of certain goods or to try to achieve a living wage.