`price-ceiling` Related Article Results

Definition Noun. A price limit or cap imposed by governments or regulatory authorities to prevent the price of a goods or service from exceeding a certain level. This practice is typically intended to protect consumers or ensure price stability. Origin The word "price" entered Turkish from Arabic "fīyāt" (compensation, value). "Ceiling" in Turkish refers to the upper limit of structures and is used in the sense of a maximum bound. The English term "price ceiling" is the source of this concept, a