Price


Price
/pruys/, n.
1. Bruce, 1845-1903, U.S. architect.
2. (Edward) Reynolds, born 1933, U.S. novelist.
3. (Mary) Leontyne /lee"euhn teen'/, born 1927, U.S. soprano.
4. a male given name.

* * *

I
Amount of money that has to be paid to acquire a given good, service, or resource.

Operating as a measure of value, prices perform a significant economic function, distributing the scarce supply of goods, services, and resources to those who most want them through the adjustments of supply and demand. Prices of resources are called wages, interest, and rent. This system, known as the price mechanism, is based on the principle that only by allowing prices to move freely will the supply of any given commodity match demand. If supply is excessive, prices will be low and production will be reduced; this will cause prices to rise until there is a balance of demand and supply. If supply is inadequate, prices will be high, prompting an increase in production that in turn will lead to a reduction in prices until supply and demand are in equilibrium. A totally free price mechanism does not exist in practice; even in free-market economies, monopolies or government regulation may limit the efficiency of price as a determinant of supply and demand. In centrally planned economies, the price mechanism may be supplanted by centralized government control. Attempts to operate an economy without a price mechanism usually result in surpluses of unwanted goods, shortages of desired products, black markets, and stunted economic growth.
II
(as used in expressions)
Johnson James Price
Emily Price
Price Mary Violet Leontyne
Price Vincent Leonard
wage price control
marginal cost pricing

* * *

      city, seat (1894) of Carbon county, central Utah, U.S., on the Price River, 65 miles (105 km) southeast of Provo. Settled in 1877 by Mormons, it was named for the river discovered in 1869 by William Price, a bishop of the Mormon church. Its growth was spurred by the arrival of the Denver and Rio Grande Western Railroad (Denver and Rio Grande Western Railroad Company) in 1883. Coal production, livestock, and agriculture (sugar beets and grains) are major economic factors. Price is the seat of the (junior) College of Eastern Utah (1937). This college maintains the Prehistoric Museum (in the city hall), which contains a notable dinosaur display, including the Allosaurus found in the nearby Cleveland-Lloyd Quarry. The Black Diamond Stampede, a rodeo, is held annually. The main unit of the Manti-LaSal National Forest (headquartered in Price) is to the west. Inc. 1892. Pop. (1990) 8,712; (2000) 8,402.

* * *


Universalium. 2010.

Synonyms:

Look at other dictionaries:

  • price — I noun amount, appraisal, appraisement, charge, compensation, cost, disbursement, due, estimate, estimation, exaction, exchange value, expenditure, expense, fare, fee, figure, outlay, payment, premium, pretium, purchase money, quotation, rate,… …   Law dictionary

  • price — n Price, charge, cost, expense can mean what is given or asked in payment for a thing or for its use, or for services. Price and charge in their ordinary nontechnical use commonly designate what is asked or demanded in the case of price,… …   New Dictionary of Synonyms

  • Price — steht für: Price (Familienname), der Familienname Price Price ist der Name folgender Orte: Price (Arkansas) Price (Maryland) Price (Texas) Price (Utah) Price (Québec) Price County Price River Siehe auch: Price Gleichung, Kovarianz Gleichung, die… …   Deutsch Wikipedia

  • Price — Price, n. [OE. pris, OF. pris, F. prix, L. pretium; cf. Gr. ? I sell ? to buy, Skr. pa? to buy, OI. renim I sell. Cf. {Appreciate}, {Depreciate}, {Interpret}, {Praise}, n. & v., {Precious}, {Prize}.] 1. The sum or amount of money at which a thing …   The Collaborative International Dictionary of English

  • price — ► NOUN 1) the amount of money expected, required, or given in payment for something. 2) something endured in order to achieve an objective. 3) the odds in betting. ► VERB ▪ decide the price of. ● at any price Cf. ↑at any price …   English terms dictionary

  • price — [prīs] n. [ME & OFr pris < L pretium, price < IE * preti , equivalent < base * per , to sell, make equal > PAR1] 1. the amount of money, etc. asked or paid for something; cost; charge 2. value or worth 3. a reward for the capture or… …   English World dictionary

  • Price.ua — Price.ua  самый крупный сервис сравнения цен в UaNet. Содержание 1 История 2 Портал 3 Примечания 4 Ссылки …   Википедия

  • Price — Price, v. t. [imp. & p. p. {Priced}; p. pr. & vb. n. {Pricing}.] 1. To pay the price of. [Obs.] [1913 Webster] With thine own blood to price his blood. Spenser. [1913 Webster] 2. To set a price on; to value. See {Prize}. [1913 Webster] 3. To ask… …   The Collaborative International Dictionary of English

  • price — PRÍCE s.f. 1. (înv.) Neînţelegere, ceartă. ♢ loc. adj. De price = care se împotriveşte; opozant, potrivnic. ♢ loc. vb. A se pune de price = a se împotrivi cuiva, a contrazice pe cineva. 2. (pop.; în construcţie cu verbul a face ) Supărare, necaz… …   Dicționar Român

  • price — [n1] financial value amount, appraisal, appraisement, asking price, assessment, barter, bill, bounty, ceiling, charge, compensation, consideration, cost, damage, demand, disbursement, discount, dues, estimate, exaction, expenditure, expense, face …   New thesaurus

  • Price — Price, UT U.S. city in Utah Population (2000): 8402 Housing Units (2000): 3311 Land area (2000): 4.243980 sq. miles (10.991857 sq. km) Water area (2000): 0.000000 sq. miles (0.000000 sq. km) Total area (2000): 4.243980 sq. miles (10.991857 sq.… …   StarDict's U.S. Gazetteer Places


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.