Economic Emergency Powers
/ɪˌkɒnəˈmɪk ɪˈmɜrdʒənsi ˈpaʊərz/
Definitions
- (n.) Legal authorities granted to government entities to manage and regulate the economy during times of crisis or emergency.
During the war, the government invoked its economic emergency powers to control prices and ration goods.
Forms
- economic emergency powers
Related terms
See also
Commentary
Economic emergency powers typically grant temporary expanded authority to the government, requiring clear triggering conditions and sunset clauses to balance authority and individual rights.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.