Diccionario Técnico Online Invertext

absolute price


precio absoluto

Definición 1

The price of a good or service expressed in units of money, used in economics as the necessary complement of relative price.

Fuente: Invertext

Contexto: What determines the absolute price, and then the more important relative price, of a good or service? Very simply, a product's price is determined by costs of production and the margin or markup that the firm adds for profit.

Fuente: Is the US Trade Deficit Sustainable?, Catherine L. Mann, Peterson Institute, 1999

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