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  1. Dictionary
    market price

    noun

    • 1. the price of a commodity when sold in a given market: "lower market prices for cereals, potatoes, cattle, and sheep"
  2. Jul 7, 2024 · The market price is the cost of a product or service. In a market economy, the market price of a product or service fluctuates based primarily on supply and demand.

  3. Apr 4, 2024 · What is the market price? The market price is the products value determined with respect to the point where demand for and supply of assets and products intersect. Where the demand and supply get balanced, that point marks the market value of that product.

  4. What is Market Price? The term market price refers to the amount of money for what an asset can be sold in a market. The market price of a given good is a point of convergence of the demand and supply for that good. It is an important aspect of calculating consumer surpluses, economic surpluses, etc.

  5. a price that is likely to be paid for something: They're asking £400,000 for their house, but the market price is nearer £350,000. Depreciation profiles are estimated basd on the market prices of used assets. SMART Vocabulary: related words and phrases. Mortgages & real estate. blockbusting. brick. BTL. buy-to-let. chain. endowment mortgage. equity

  6. Aug 21, 2020 · Market price is the price of an asset or product as determined by supply and demand. How Does Market Price Work? In the broadest sense, an item's market price lies at the point of intersection between the available supply of the good or service and market demand for it.

  7. The meaning of MARKET PRICE is a price actually given in current market dealings.

  8. Oct 18, 2023 · The market price is the current price at which you can buy or sell a product or service. It's determined by the balance of supply and demand, meaning it's the price where the amount people want to buy matches the amount that's available for sale.

  9. The simplest definition of market price is the price at which a good, service, or asset is purchased or sold on the open market. It is the price reached between a willing buyer and a willing seller who are both operating freely and independently, without coercion or collusion, and it typically reflects the market value for a good or service at ...

  10. May 6, 2022 · Essentially, you define a cost based on the going rate for products and services similar to yours, and there are three types of market pricing: pricing below competitors, matching competitor pricing, or pricing above competitors.

  11. a price that is likely to be paid for something: They're asking $400,000 for their house, but the market price is nearer $350,000. Depreciation profiles are estimated basd on the market prices of used assets. SMART Vocabulary: related words and phrases. Mortgages & real estate. blockbusting. brick. BTL. buy-to-let. chain. endowment mortgage. equity