lower+in+price
31Price index — A price index (plural: “price indices” or “price indexes”) is a normalized average (typically a weighted average) of prices for a given class of goods or services in a given region, during a given interval of time. It is a statistic designed to… …
32price system — ▪ economics Introduction a means of organizing economic activity. It does this primarily by coordinating the decisions of consumers, producers, and owners of productive resources. Millions of economic agents who have no direct communication …
33Price equation — The Price equation (also known as Price s equation) is a covariance equation which is a mathematical description of evolution and natural selection. The Price equation was derived by George R. Price, working in London to rederive W.D. Hamilton s… …
34price — I n. 1) to fix, set a price 2) to hike (AE; colloq.), increase, mark up, raise prices 3) to freeze; hold down, keep down; maintain prices 4) to pay a price 5) to place, put a price on smt.; to quote a price 6) bring, command, fetch, get a price… …
35price — price1 W1S1 [praıs] n [Date: 1200 1300; : Old French; Origin: pris, from Latin pretium price, money ] 1.) [U and C] the amount of money you have to pay for something ▪ People are prepared to pay high prices for designer clothes. price of ▪ The… …
36Price Band — A value setting method in which a seller indicates an upper and lower cost range, between which buyers are able to place bids. The price band s floor and cap provides guidance to the buyers. This type of auction pricing technique is often used… …
37price war — noun intense competition in which competitors cut retail prices to gain business • Syn: ↑price competition • Hypernyms: ↑competition * * * noun : a period of intensive industrial or commercial competition characterized by repeated price cutting… …
38Price of anarchy — The price of anarchy is a concept from game theory that describes the difference in maximum social utility and the utility of an equilibrium point of the game.DefinitionGiven a game G=(N,A,u), it is natural to consider the social welfare , i.e.… …
39price discrimination — the practice of offering identical goods to different buyers at different prices, when the goods cost the same. [1955 60] * * * Practice of selling goods or services at different prices to different buyers, even though sales costs are the same… …
40Price Sensitivity — The degree to which the price of a product affects consumers purchasing behaviors. The degree of price sensitivity varies from product to product and from consumer to consumer. In economics, price sensitivity is commonly measured using the price… …
