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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.
Price tag on a supermarket product showing monetary value
monetary value 🔊
/ˈmʌnɪtəri ˈvæljuː/
n., v.
The amount of money required to buy a product or service.
📁 Category:Social Economy 🔖 Level:Elementary

📘 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
cost (n.) – the amount of money needed to buy or do something
value (n.) – the worth of something in terms of money
charge (n.) – the price asked for a service or product
🚫 Antonyms
discount (n.) – a reduction in the usual price
bargain (n.) – something bought at a low price
🌱 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.
Exhausted person studying late at night symbolizing sacrifice
sacrifice required 🔊
/ˈsækrɪfaɪs rɪˈkwaɪəd/
n., v.
The negative consequences or loss one must endure to achieve a goal.
📁 Category:Social Economy 🔖 Level:Intermediate

📘 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
cost (n.) – the loss or penalty incurred for something
sacrifice (n.) – something given up for the sake of a greater goal
penalty (n.) – a punishment or disadvantage suffered
🚫 Antonyms
reward (n.) – something given in return for effort or achievement
benefit (n.) – an advantage or profit gained

Meaning 3:set a price (price)

price 🔊
/praɪs/
n., v.
To decide and set the amount of money that something will be sold for.
Vendor writing price on chalkboard at farmers market
set a price 🔊
/sɛt ə praɪs/
n., v.
To decide and assign a monetary value to a product or service.
📁 Category:Social Economy 🔖 Level:Elementary

📘 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
value (v.) – to estimate the monetary worth of something
rate (v.) – to assign a value or price to something
cost (v.) – to estimate the price of something (rare as verb)
🚫 Antonyms
overprice (v.) – to set a price too high
🌱 Derivatives
pricing (n.) – the process of setting prices
reprice (v.) – to set a new price
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