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price
/praɪs/
amount of money required to purchase something
The price of this laptop is too high for my budget.
The cost is beyond what I can afford.
general
the amount of money expected, required, or given in payment for something
She paid the price for her mistake.
She suffered the consequences of her error.
The price of gas has gone up again.
Fuel costs have increased once more.
Can also refer to the cost or value of something in a non-monetary sense, such as 'the price of freedom.'
general
to determine or set the cost of something
The store prices its items competitively.
The store sets its prices to be attractive to customers.
When used as a verb, it means to assign a monetary value.
Related Phrases
Pro Tip
Common Collocations
Remember common phrases like 'price tag,' 'price drop,' and 'at a price' to sound more natural.
Gold Rule
Price vs. Cost
'Price' is what you pay; 'cost' is what it takes to produce or acquire something.
Word Origin
From Middle English 'pris,' from Old French 'pris,' from Latin 'pretium,' meaning 'price, reward, value.'
Usage Notes
In financial contexts, 'price' can refer to the value of stocks, commodities, or other tradable assets. In everyday language, it typically refers to the cost of goods or services.
Word Breakdown
pri-
possibly related to 'prize' or 'value,' from Latin 'pretium,' meaning 'price, reward,'
root-ce
a suffix indicating state or condition, though not directly meaningful in this word
suffixEnglish Dictionary