price mechanism
1Price mechanism — is an economic term that refers to the buyers and sellers who negotiate prices of goods or services depending on demand and supply.[1] A price mechanism or market based mechanism refers to a wide variety of ways to match up buyers and sellers… …
2price mechanism — ➔ mechanism * * * price mechanism UK US noun [C] (also market mechanism) ► ECONOMICS, COMMERCE the relationship between the supply of or demand for a particular product or service, and its price: »The price mechanism fails when the goods that… …
3price mechanism — noun or price system : a system of price determination and allocation of goods by free market forces …
4mechanism — mech‧a‧nis‧m [ˈmekənɪzm] noun [countable] a system used to achieve something or deal with a problem: • The increased lending can be done through existing lending mechanisms. • There is a move to introduce free market mechanisms in the airline… …
5price — priceable, adj. /pruys/, n., v., priced, pricing. n. 1. the sum or amount of money or its equivalent for which anything is bought, sold, or offered for sale. 2. a sum offered for the capture of a person alive or dead: The authorities put a price… …
6Price — /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… …
7price system — ▪ economics Introduction a means of organizing economic activity. It does this primarily by coordinating the decisions of consumers, producers, and owners of productive resources. Millions of economic agents who have no direct communication …
8price system — noun see price mechanism …
9Mechanism design — The Stanley Reiter diagram above illustrates a game of mechanism design. The upper left space Θ depicts the type space and the upper right space X the space of outcomes. The social choice function f(θ) maps a type profile to an outcome. In games… …
10Price of petroleum — This article is about the price of crude oil. For information about derivative motor fuels, see gasoline and diesel usage and pricing. For detailed history of price movements since 2003, see 2003 to 2011 world oil market chronology. Brent barrel… …
