How Do You Spell MARKET-PRICE?

Pronunciation: [mˈɑːkɪtpɹˈa͡ɪs] (IPA)

The word "market-price" is spelled with thirteen letters, and its pronunciation is /ˈmɑːrkɪt-praɪs/. The first syllable of the word, "mar", is pronounced with a long "a" sound, and the second syllable, "ket", is pronounced with a short "e" sound. The final syllable, "price", is pronounced with a long "i" sound. The word refers to the value of a good or service as determined by the marketplace. Accurate spelling of this word is important in business and finance contexts.

MARKET-PRICE Meaning and Definition

  1. Market price refers to the current value or cost at which a product, service, or financial instrument is traded in an open market. It represents the equilibrium point at which the supply of a particular item matches the demand for it. The market price is determined by the interaction of buyers and sellers in the marketplace, where they negotiate and agree upon a fair value for the exchange of goods or services.

    This price is influenced by several factors, including the scarcity or abundance of the item, the level of demand from consumers, the perceived value or quality of the product, and various external economic forces such as inflation, government policies, and market competition. Market price tends to fluctuate over time due to market forces and changing conditions.

    In financial markets, market prices are particularly crucial for investors and traders. They determine the value of stocks, bonds, commodities, and currencies, and play a significant role in investment decisions. Market prices are typically quoted in real-time through specialized platforms, allowing participants to monitor and react to price fluctuations.

    It is important to note that market price is different from the concept of "cost price" or the price at which a producer or seller incurs in producing or acquiring the product. Market price primarily reflects the dynamic interactions of supply and demand in the marketplace, making it a key indicator for assessing the overall health and efficiency of market economies.

Common Misspellings for MARKET-PRICE

  • marketprice
  • market pricee
  • marcetprice
  • marketpprice
  • market0-price
  • marketp-price
  • marketmprice
  • Markettprice
  • Marketpricce
  • Marketprize
  • Marketpric
  • Marketprices

Etymology of MARKET-PRICE

The word "market-price" is a compound term consisting of "market" and "price".

The term "market" originates from the Latin word "mercatus", which means "trading" or "buying/selling". This Latin root later transformed into "market" in Old English, referring to a place or venue where goods and services are bought and sold.

"Price" is derived from the Latin word "pretium", which means "value" or "worth". It evolved into "pris" in Old French, and eventually became "price" in Middle English, signifying the amount of money or consideration required to acquire something.

Therefore, "market-price" refers to the value or cost of an item as determined by the prevailing conditions within a particular market or marketplace.

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