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incomes policy |
Also found in: Dictionary/thesaurus, 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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Effective today, Hawaii became the first state to enact a price control measure to ensure that residents aren't gouged at the pump; federal price controls could be implemented in a similar fashion. While any reasonable price control legislation looks unlikely to materialize as long as our politicians remain in the deep pockets of the drug industry and its powerful lobby, we taxpayers are the ones paying for it. Without the accounting profession's aid the intricate procedures for procurement of war material, price control, war taxation, renegotiation and termination of war contracts would hardly have been possible; nor could the civilian economy have kept from bogging down in the maze of record-keeping and reporting requirements imposed upon it. |
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price control
