Definition

Adjective: * Having the price regulated or controlled by government: Describes a product, commodity, or service whose maximum price (and sometimes minimum price) is set by a government authority, rather than being determined solely by market forces of supply and demand.

Usage

The adjective "price-controlled" is used attributively (before a noun) to describe goods or markets subject to government price regulation. It describes a state or condition.

Examples

• Attributive use:
  • During the crisis, price-controlled goods like bread and milk were often in short supply.
  • The government introduced a list of price-controlled medicines to improve affordability.
  • They operate in a heavily price-controlled market for energy.

Advanced Usage

• The term often implies a contrast with a "free market" or "market-determined" price.
• It can be used in economic and political discussions about the effects of intervention, such as shortages, black markets, or subsidies.
  • Economists debated the long-term viability of the price-controlled housing sector.

Variants and Related Words

• Price control (n): The system or policy of regulating prices by government.
  • The administration implemented price controls on basic foodstuffs.
• Price-fixing (n): An illegal agreement between competitors to set prices, distinct from government-mandated "price-controlled" systems.
• Regulated price (n): A more general synonym for a price set by a regulatory body.

Synonyms

• Regulated (in price)
• State-regulated (in price)
• Capped (when referring specifically to a maximum price)

Antonyms

• Market-priced
• Unregulated
• Free-market

Adjective

1. having the price regulated or controlled by government