price

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Price

The value of a thing with real or perceived worth. Price represents the amount of value the market has assigned, fairly or unfairly, to a good or service. Normally, prices are expressed in terms of money, but practices such as countertrade and PIK securities indicate that prices may be expressed in goods: "four chickens for two sheep." Price is a necessary component of trade.

Prices tend to be regulated by the law of supply and demand; that is, a price of a good or service increases with smaller supply and/or greater demand. A corollary to this is the idea that commoditization drives prices down because it increases supply (sometimes vastly) while leaving demand the same. Prices likewise rise when the value of money declines. Governments can and have controlled the prices of certain goods and services by subsidy or decree. This is usually an anti-inflationary measure and tends to distort, rather than eliminate, the law of supply and demand. It is thus not generally sustainable as a mechanism for controlling price.

price

The dollar amount at which a security trades. Stocks are nearly always quoted fully (that is, $25 means $25 per share), while bonds are ordinarily quoted as a percentage of par value (that is, 98 represents $980 per $1,000 par bond).

price

the money value of a unit of a GOOD, SERVICE, FINANCIAL SECURITY or ASSET which a buyer is required to pay a seller to purchase the item. Usually the price of a product is fixed by the seller in advance on the basis of the costs of producing and selling the product and the seller's desired profit margin. In other cases, however, prices are variable, being determined by prevailing demand and supply conditions as with the sale, for example, of a STOCK or SHARE, a house or items sold at an auction.

Because a purchase involves a money outlay on the part of buyers who operate within a budget constraint, the price of a product is an important factor in the buying decision. It may well be the paramount consideration in many cases, but for some purchases other elements in the MARKETING MIX (product quality and performance etc.) may be equally if not more important. Thus, although many products (especially COMMODITY-TYPE PRODUCTS) tend to be sold at low, competitive prices, many others can be sold at higher prices, providing customers with a variety of price-quality trade-offs and other product attributes. See MARKET STRUCTURE, MONOPOLY, BUYER'S MARKET, SELLER'S MARKET, PRICING, PRICING OBJECTIVES, PRICING METHODS, FOUR P'S OF MARKETING.

price

the money value of a unit of a GOOD, SERVICE, ASSET or FACTOR INPUT. In some markets (for example, see PERFECT COMPETITION), price will be determined entirely by the forces of DEMAND and SUPPLY. By contrast, in other markets (for example, MONOPOLY markets) powerful suppliers have considerable discretion over the price that they charge. In certain circumstances, prices may be subjected to governmental PRICE CONTROL or regulated by means of PRICES AND INCOMES POLICY. See also EQUILIBRIUM MARKET PRICE, ADMINISTERED PRICE.

price

An amount of money exchanged for something of value.

References in periodicals archive ?
In addition, Holt said PPG will not enter into long-term contracts without price flexibility to offset unanticipated energy and other inflationary costs outside the company's control.
The higher production costs are expected to be borne by the generators, as 90% of the energy demand in the SING is sold through fixed price contracts without price indexation clauses.
Organizations like the California ISO may be able to run auctions for its own transmission, but Energy Crossroads is the first to enable companies with limited resources to buy and sell competitively on the open market, leverage excess capacity, and take advantage of a long buying position for products without price transparency.
Interfacing with the Boston, New York, American and London stock exchanges, as well as a number of over-the-counter markets including Nasdaq, Lattice continuously monitors both the market and its own list of orders, automatically matching existing buy and sell orders to cross them without price changes.
Without price recovery, Denbury is not expected to generate sufficient cash flow to achieve meaningful, sustained debt reduction to prior expected levels.
Prive Porter lists a bag, without prices, on Instagram, and within hours, one of the 56,000+ followers, from over 45 countries, contacts them and buys the bag.
Yavor Kuyumdzhiev, MP of the Bulgarian Socialist Party (BSP) suggested that the adoption of the legal changes had helped prevent the energy sector from descending into chaos because otherwise "the entire sector would have woken up to a situation without prices and a regulatory framework on July 1.
Bar menus and wine lists on this week's preview cruise were specially printed without prices.
Without prices, though, the task becomes next to impossible.