An incomes policy can be described as a set of guidelines or principles that are established by governments or organizations to regulate the growth of salaries, wages, or other forms of compensation. Some of the synonyms for an "incomes policy" include wage controls, income stabilization, income restraint, and salary regulation. Other related terms may include wage and price controls, wage restraint, and income compression. These concepts are often implemented when there is a need to control inflation, maintain stable economic conditions, or address disparities in income levels. Regardless of the terminology used, the goal of an incomes policy is typically to balance the interests of workers, employers, and the broader economy.