price fixing

or price-fix·ing

noun

the establishing of prices at a determined level, either by a government or by mutual consent among producers or sellers of a commodity.

Origin of price fixing

First recorded in 1945–50

Words nearby price fixing

price break, price commission, price control, price controls, price discrimination, price fixing, price gouging, price index, price is right, the, price leadership, price list

Words related to price fixing

restraint, valorization

Cultural definitions for price fixing

price fixing

Any usually unlawful practice by which producers of a commodity act together to obtain an artificially high price.