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Price level   /praɪs lˈɛvəl/   Listen
Price level

noun
1.
An index that traces the relative changes in the price of an individual good (or a market basket of goods) over time.  Synonym: price index.





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"Price level" Quotes from Famous Books



... whole market, provided the competition between the businesses is keen. Where such a fall of prices quickly stimulates demand so that the over-supply is carried off and the rate of demand is equated to the rate of supply at the lower price level, the condition is commonly described as a "tendency to over-supply." But it is important to bear in mind that in strictness it was not a "tendency" but an actually existing quantity of over-supply which brought down ...
— The Evolution of Modern Capitalism - A Study of Machine Production • John Atkinson Hobson


Words linked to "Price level" :   CPI, consumer price index, indicator, index, indicant, retail price index, index number, cost-of-living index, wholesale price index, producer price index


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