price freeze
Noun: A price freeze is a government or corporate policy that prohibits any increase in the prices of goods and services for a specific period. It is an economic control measure intended to combat inflation, stabilize the economy during a crisis, or protect consumers from sudden cost hikes.
A "price freeze" is typically implemented by an official authority, such as a government agency or a company's management. It is used as a singular noun phrase to describe the policy itself. - The government announced a price freeze on essential food items to help families during the economic downturn. - During the energy crisis, a nationwide price freeze on gasoline was put in place. - The company's price freeze on its software subscriptions will last until the end of the year.
- "to impose a price freeze": To officially establish or enforce a price freeze.
- The regulatory body decided to impose a price freeze on pharmaceutical drugs.
- "to lift a price freeze": To end or remove a price freeze policy.
- After six months, the administration voted to lift the price freeze.
- Wage freeze (noun): A policy that prohibits increases in wages or salaries.
- The union protested against the proposed wage freeze.
- Freeze (noun/verb): As a noun, it can refer to the act of stopping something. As a verb, it means to hold at a fixed level or prevent from moving.
- Noun: There is a freeze on new hiring.
- Verb: The central bank can freeze interest rates.
- Price cap: A maximum price set by law, which is similar but may allow prices to fluctuate below the cap.
- Price control: A broader term for government intervention in setting or limiting prices.
- Under a price freeze: Describing the state or condition during which the policy is active.
- Many basic commodities remained affordable while under the price freeze.
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a freeze of prices at a given level
