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incomes policy |
Also found in: Wikipedia, Hutchinson | 0.02 sec. |
incomes policyCollective governmental effort to control the incomes of labour and capital, usually by limiting increases in wages and prices. The term often refers to policies directed at the control of inflation, but it may also indicate efforts to alter the distribution of income among workers, industries, locations, or occupational groups. See also wage-price control. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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[It] has controlled the wellhead price of natural gas sold to interstate pipelines since 1954, and domestic crude oil has been under some sort of price controls since even before 1971. Yet, despite the leading language, fully 60 percent of all of those questioned also agreed that negotiations "will lead to government price controls on prescription drugs. The UK aviation regulator proposed increasing airline charges at London's Heathrow and Gatwick airports, a move opposed by carriers, even as the regulator recommended scrapping price controls at Stansted Airport. |
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