Price Regulation
/ˈpraɪs rɛɡjʊˌleɪʃən/
Definitions
- (n.) Governmental or regulatory agency control over the prices charged for goods and services to ensure fairness, prevent price gouging, or stabilize markets.
The government imposed price regulation on essential medications to protect consumers.
- (n.) Legal framework or statutes enacted to limit or fix prices, often in utilities or monopolistic industries.
Price regulation in the energy sector aims to prevent exploitative rates by monopolies.
Forms
- price regulation
Related terms
See also
Commentary
Price regulation often requires balancing consumer protection with market efficiency; drafters should specify the scope and enforcement mechanisms clearly.
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.