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In ordinary usage, price is the quantity of payment or compensation given by one party to another in return for goods or services.

In modern economies, prices are generally expressed in units of some form of currency. (For commodities, they are expressed as currency per unit weight of the commodity, eg euros per kilogram.) Although prices could be quoted as quantities of other goods or services this sort of barter exchange is rarely seen. Prices are sometimes quoted in terms of vouchers such as trading stamps and air miles. In some circumstances, cigarettes have been used as currency, for example in prisons, in times of hyperinflation, and in some places during World War 2. In the black economy, barter is also relatively common

In many financial transactions, it is customary to quote prices in other ways. The most obvious example is in pricing a loan, when the cost will be expressed as the percentage rate of interest. The total amount of interest payable depends upon the loan amount and the period of the loan. Other examples can be found in pricing financial derivatives and other financial assets. For instance the price of inflation-linked government securities in several countries is quoted as the actual price divided by a factor representing inflation since the security was issued.

Price sometimes refers to the quantity of payment requested by a seller of goods or services, rather than the eventual payment amount. This requested amount is often called the asking price or selling price, while the actual payment may be called the transaction price or traded price. Likewise, the bid price or buying price is the quantity of payment offered by a buyer of goods or services, although this meaning is more common in asset or financial markets than in consumer markets.

From Wikipedia under the GNU Free Documentation License
Mon May 7 18:35:36 2012

Noun

price (plural prices)

  1. The cost required to gain possession of something.
  2. The cost of an action or deed.
    • I paid a high price for my folly.
Derived terms

From Wiktionary under the GNU Free Documentation License
Wed Apr 18 22:17:20 2012


Amazon.com: Milwaukee 2410- 22 M12 12-Volt 3/8-Inch Drill/Driver ...
www.amazon.com
Amazon.com: Milwaukee 2410- 22 M12 12-Volt 3/8-Inch Drill/Driver ...
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Milwaukee 2410- 22 M12 12-Volt

Amazon.com: Milwaukee 2410- 22 M12 12-Volt 3/8-Inch Drill/Driver ...
www.amazon.com
Amazon.com: Milwaukee 2410- 22 M12 12-Volt 3/8-Inch Drill/Driver ...
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[source page]

Amazon.com: Milwaukee 2410- 22

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Thu May 3 23:27:19 2012


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15. The "perfect information" assumption of perfect competition includes?
Q. 15. The "perfect information" assumption of perfect competition includes all of the following except one. Which one? a. Consumers know their preferences. b. Consumers know their income levels. c. Consumers know the prices available. d. Consumers can anticipate price changes
Asked by zaman amjad r - Mon May 12 03:35:09 2008 - Economics - 2 Answers - Comments

A. I honestly think it is D. See the source below.
Answered by Aggie - Mon May 12 03:46:55 2008

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Q. Mail Preview & Calendar modules don't work. Says my personal information is not available. My homepage also does not have a "select page" drop down menu.
Asked by cdryan21 - Mon Jan 1 21:12:58 2007 - Problems with Service - 1 Answers - Comments

A. It's just a technical glitch that happens sometimes. Don't worry, it will clear itself in awhile.
Answered by moonshadow - Tue Jan 2 00:03:12 2007

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See also:
  • Google Product SearchGoogle Product Search
    google.com
    Search engine which shows photographs of relevant products. Searches can be restricted by price, type of good, and retailer.
  • Bing ShoppingBing Shopping
    bing.com
    Features product search, price comparisons, shopping by store, and articles.
  • OctopartOctopart
    octopart.com
    A search engine for electronic components. Search for price, spec, and inventory information from multiple distributors.
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Tue Apr 17 16:32:02 2012

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