Reading Theme:
Price: Meaning, Examples, and Common Uses (3 meaning)
Meaning 1:monetary value (price)
price
/praɪs/
n., v.
The amount of money you need to pay to buy something.
monetary value
➕
/ˈmʌnɪtəri ˈvæljuː/
n., v.
The amount of money required to buy a product or service.
📘 Details & Usage
📖 Root Explanation
From Latin 'pretium' (value or worth); related to 'prize' and 'precious'.
💡 Mnemonic
'Price' rhymes with 'ice' — when you see the price, your wallet might freeze.
📖 Example
The price of fresh vegetables in the supermarket is very reasonable this week.
The price of fresh vegetables in the supermarket is very reasonable this week.
🔗 Collocations
high price – a large amount of money needed to buy something
low price – a small amount of money needed to buy something
price tag – a label showing the price of an item
🔄 Synonyms
🚫 Antonyms
🌱 Derivatives
priceless (adj.) – extremely valuable, beyond monetary worth
overpriced (adj.) – too expensive
📖 Cultural Story
Entered English from Old French 'pris' < Latin 'pretium' (value). Originally denoted worth, later monetary cost. 'Price tag' emerged with 19th-century retail.
Meaning 2:sacrifice required (price)
price
/praɪs/
n., v.
The negative result or loss you have to suffer in order to get or achieve something.
sacrifice required
➕
/ˈsækrɪfaɪs rɪˈkwaɪəd/
n., v.
The negative consequences or loss one must endure to achieve a goal.
📘 Details & Usage
📖 Example
Winning the championship came at a high price; he injured his knee during the final match.
Winning the championship came at a high price; he injured his knee during the final match.
🔗 Collocations
pay the price – to suffer the negative consequences of an action
high price – significant loss or sacrifice
price of success – the sacrifices made to achieve success
🔄 Synonyms
Meaning 3:set a price (price)
price
/praɪs/
n., v.
To decide and set the amount of money that something will be sold for.
set a price
➕
/sɛt ə praɪs/
n., v.
To decide and assign a monetary value to a product or service.
📘 Details & Usage
📖 Example
The artist decided to price her small paintings at fifty dollars each to make them affordable for students.
The artist decided to price her small paintings at fifty dollars each to make them affordable for students.
🔗 Collocations
price competitively – to set a price that is similar to or lower than competitors
price too high – to set a price that is too expensive
underprice – to set a price that is too low
🔄 Synonyms
🚫 Antonyms
overprice (v.) – to set a price too high
Wordbook
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