PRICE CHANGE Meaning and
Definition
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Price change refers to the alteration or fluctuation in the value or cost of a product, service, or asset over a given period. It specifically denotes the difference between the current price of an item and the previous price it had been sold or offered at. Price changes can occur in various contexts, including financial markets, retail markets, and economic analysis.
In financial markets, price change usually refers to the percentage variation in the price of a stock, bond, or commodity. It reflects how the market value of these assets has moved up or down compared to a previous time point, indicating the level of market volatility or investor sentiment towards a particular investment. Price changes are often tracked and analyzed to identify trends, assess market performance, and make informed investment decisions.
In retail markets, price change refers to adjustments made to the selling price of goods or services. These modifications can be either upward or downward and are influenced by factors such as supply and demand dynamics, production costs, competition, and market conditions. Price changes aim to align pricing strategies with business goals, maintain profitability, attract or retain customers, or respond to changes in the overall economic environment.
In economic analysis, price changes are examined to understand inflation or deflation trends in an economy. A significant increase in prices over time is indicative of inflation, while a decrease indicates deflation. Economists use price change data to measure and monitor the overall level of price stability, study consumer behavior, and adjust monetary policy to manage economic growth and stability.
Common Misspellings for PRICE CHANGE
- orice change
- lrice change
- 0rice change
- peice change
- pdice change
- pfice change
- ptice change
- p5ice change
- p4ice change
- pruce change
- prjce change
- prkce change
- proce change
- pr9ce change
- pr8ce change
- prixe change
- prive change
- prife change
- pride change
- pricw change
Etymology of PRICE CHANGE
The etymology of the word "price" can be traced back to the Old French word "pris", which means "value" or "worth". It further derives from the Latin word "pretium", also meaning "price" or "value".
The word "change" originates from the Old French word "changier", which means "to exchange" or "to alter". It is derived from the Late Latin word "cambiare", meaning "to barter" or "to exchange".
When combined, the phrase "price change" signifies an alteration or variation in the value or worth of something.
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