Price Control Board

The price control board was established by the price control decreeA decree is an official order given by a government or by a person with power. For example, the president can issue a decree making a particular day a national holiday.... More of 1970. The price control board ensures that goods are to be sold at government-approved prices to stabilize the general price level, prevention of hoarding of goods, protection of customers from exorbitant prices, etc.