Price mechanism

Price mechanism,

Definition of Price mechanism:

  1. System of interdependence between supply of a good or service and its price. It generally sends the price up when supply is below demand, and down when supply exceeds demand. Price mechanism also restricts supply when suppliers leave the market due to low prevailing prices, and increases it when more suppliers enter the market due to high obtainable prices. Also called price system.

Meaning of Price mechanism & Price mechanism Definition

Price Mechanism,

What is The Definition of Price Mechanism?

  1. Explain how changes in supply and demand affect the prices of goods and services. Shortage pushed prices up, Fazil pushed prices down.

Literal Meanings of Price Mechanism

Price:

Meanings of Price:
  1. Determine the amount of money required (something offered for sale)

  2. The amount that is given as an expectation, need, or payment of something.

  3. Undesirable experiences, events or actions that are necessary as conditions for achieving the desired goal

Sentences of Price
  1. The cost of watches in this range is 14.50

  2. Land can be sold at a higher price.

  3. The price of success is fighting all day long

Synonyms of Price

figure, appraise, estimate, result, assess, toll, charge, fix the price of, cost, sacrifice, forfeiture, penalty, consequence, fee, value, rate, forfeit, amount, fare, asking price, set the price of, terms, evaluate

Mechanism:

Meanings of Mechanism:
  1. A system of parts that works together in a machine that is part of a machine.

  2. A natural or established process by which something happens or is created.

  3. The theory that all natural phenomena, including life and thought, allow mechanical explanation through physics and chemistry.

Sentences of Mechanism
  1. In the bridge mechanism, the sniper injured his arm

  2. We have no procedure for estimating the success of applications submitted

  3. Much of this controversy stems from the mechanics vs. vitality argument.

Synonyms of Mechanism

instrument, contraption, gadget, tackle, process, device, appliance, implement, channel, utensil, technique, method, channels, procedure, machine, means, medium, vehicle, apparatus, system, agency, operation, structure

Price Mechanism,

Price Mechanism Definition:

Explain how changes in supply and demand affect the value of goods and services. Impurity causes an increase in the number, an excessive decrease in the number.

Literal Meanings of Price Mechanism

Price:

Meanings of Price:
  1. An amount that is given as an expectation, need or payment for something.

  2. Gaining experience or harming or performing as a condition of achieving a goal.

  3. Decide the amount you need to pay for it (to sell something).

  4. Find or price (something to sell).

Sentences of Price
  1. The price of success is a day of debate.

Synonyms of Price

valuation, sum, worth, suffering, expenditure, bane, trial, fix/set the price of, undesirable consequence, expense, (monetary) value, trouble, downside, bill, total, assay, outlay, levy, snag, quotation, burden, payment, tribulation, torment, selling price, damage, deprivation, disadvantage, disbenefit

Mechanism:

Meanings of Mechanism:
  1. A system of parts that works together in one machine, parts of a machine.

  2. The theory that all natural phenomena, including life and thought, can be explained by mechanical or chemical processes.

Sentences of Mechanism
  1. The third motor operates the ribbon release mechanism.

  2. Immune system mechanisms for detecting pathogens

Synonyms of Mechanism

gear, motor, works, components, workings, movement, wheels, power source, gizmo, motion, action, tool, contrivance, engine, gears, innards, guts, machinery

Price Mechanism,

How Do You Define Price Mechanism?

Price Mechanism means: Explain how supply and demand affect the prices of goods and services. Dirt leads to increase, excess leads to decrease.

Literal Meanings of Price Mechanism

Price:

Meanings of Price:
  1. An amount of money that is given as an expectation, need, or payment for something.

  2. Experienced or harmed or committed as a condition of achieving a goal.

  3. Find out or price (something to sell).

Synonyms of Price

affliction, minus, expenses, worry, drawback, put a price on

Mechanism:

Meanings of Mechanism:
  1. The theory is that all natural phenomena, including life and thought, can be explained by mechanical or chemical processes.