market price
The term "market price" is crucial in economics and finance, representing the price at which goods, services, or assets are traded in an open market.
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Definition
B2Economics
(general)The current price at which a good or service is being traded in an open market.
Example
- The market price of oil fluctuates daily based on global demand.
C1Finance
(technical)The prevailing price of a security, commodity, or asset at a given time.
Example
- Investors closely monitor the market price of stocks to make informed decisions.
B2Business
(general)The price that reflects the interaction of supply and demand forces in a market.
Example
- The market price for fresh produce can vary significantly based on seasonal factors.
B1Restaurant Menus
(informal)A term indicating that the price of a menu item depends on the fluctuating cost of supplies.
Example
- The lobster is listed as 'market price' on the menu, meaning its cost varies.
Similar
Terms that have similar or relatively close meanings to "market price":
starting priceprice out of the marketcost priceat a priceprice upsale priceprice pointmark to marketmarket riskprice tag