prices and incomes policy


prices and incomes policy
noun (C) government actions to prevent prices and incomes increasing, in order to stop or limit inflation

Longman dictionary of contemporary English. 2004.

Look at other dictionaries:

  • Prices and Incomes Accord — The Prices and Incomes Accord was an agreement between the Australian Council of Trade Unions and the Australian Labor Party government of Prime Minister Bob Hawke and Treasurer (later Prime Minister) Paul Keating. Employers were not party to the …   Wikipedia

  • Prices and Incomes Accord — noun an agreement between the Australian Labor Party and the Australian Council of Trade Unions, operating during the period of Labor government 1983–96; initially formulated at the National Economic Summit in February 1983 (and subsequently… …   Australian English dictionary

  • Incomes policy — Incomes policies in economics are economy wide wage and price controls, most commonly instituted as a response to inflation, and usually below market level.[1] Incomes policies have often been resorted to during wartime. During the French… …   Wikipedia

  • incomes policy — a government policy to curb inflation that relies on voluntary compliance rather than on mandatory wage, price, or profit controls. [1955 60] * * * incomes policy noun A government policy of curbing inflation by controlling wages • • • Main Entry …   Useful english dictionary

  • incomes policy — ➔ policy * * *    A broad term covers various direct forms of inflation control by a government. It can include a freeze or limitation on increases in prices, wages, dividends, investment income and rents. * * * incomes policy UK US noun [C] UK ► …   Financial and business terms

  • incomes policy — a government policy to curb inflation that relies on voluntary compliance rather than on mandatory wage, price, or profit controls. [1955 60] * * * Collective governmental effort to control the incomes of labour and capital, usually by limiting… …   Universalium

  • incomes policy — A government policy aimed at controlling inflation and maintaining full employment by holding down increases in wages and other forms of income and prices by means of statute or moral suasion …   Big dictionary of business and management

  • Prices Commission — The Prices Commission was set up in the UK under the Counter Inflation Act 1973, alongside the Pay Board, in an attempt to control inflation. The Conservative government of Edward Heath, elected at the 1970 UK general election, had previously… …   Wikipedia

  • policy — pol‧i‧cy [ˈpɒlsi ǁ ˈpɑː ] noun plural policies 1. [countable] also inˈsurance ˌpolicy INSURANCE a contract with an insurance company, or an official written statement giving all the details of such a contract: • She did not realize that her… …   Financial and business terms

  • Supply and demand — For other uses, see Supply and demand (disambiguation). The price P of a product is determined by a balance between production at each price (supply S) and the desires of those with purchasing power at each price (demand D). The diagram shows a… …   Wikipedia


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