Price

Definition

The term "price" describes the amount of money required to purchase goods or services, or the value assigned to something in monetary terms.

Parts of Speech

• Noun
• Verb

Pronunciation

American English

• IPA Pronunciation: /praɪs/
• Respelling: PRYSS

British English

• IPA Pronunciation: /praɪs/
• Respelling: PRYSS

Etymology

The word "price" originates from Old French "pris," meaning "value or reward," derived from Latin "pretium," which means "value, worth, or reward." It entered Middle English in the 13th century.

Derivatives

• Priceless (adjective)
• Priced (adjective, verb)
• Pricing (noun, verb)
• Overprice (verb)
• Reprice (verb)

Synonyms

• Cost
• Value
• Charge

Antonyms

• Free
• Worthlessness
• None

Usage

The term "price" is commonly used in commerce, economics, and everyday transactions. For example: "The price of the book is $20," or "They priced the tickets too high."

Related Terms

• Cost: The total expenditure required for something.
• Value: The worth or usefulness of something.
• Market: The system of economic exchange.

Detailed Definitions

Noun

• The monetary amount required for a purchase: Refers to the cost of goods or services.
  • Example: "The price of milk has increased significantly this year."
• The value or worth of something: Refers to the assessed or perceived importance in monetary terms.
  • Example: "The price of freedom is often high."

Verb

• To assign a monetary value to something: Refers to determining the cost of goods or services.
  • Example: "The store priced the new products yesterday."
• To set or compare costs: Refers to the act of evaluating or establishing pricing.
  • Example: "They priced several options before making a decision."