What is The Definition of Price Mechanism?
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
Meanings of Price:
Determine the amount of money required (something offered for sale)
The amount that is given as an expectation, need, or payment of something.
Undesirable experiences, events or actions that are necessary as conditions for achieving the desired goal
Sentences of Price
The cost of watches in this range is 14.50
Land can be sold at a higher price.
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
Meanings of Mechanism:
A system of parts that works together in a machine that is part of a machine.
A natural or established process by which something happens or is created.
The theory that all natural phenomena, including life and thought, allow mechanical explanation through physics and chemistry.
Sentences of Mechanism
In the bridge mechanism, the sniper injured his arm
We have no procedure for estimating the success of applications submitted
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