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Definitions from WordNet

Definitions from the Web

Noun

1. The price at which a commodity, product, or service is currently being bought or sold in the open market, based on the supply and demand dynamics.

Example sentences:

• The market price of gold has been steadily increasing over the past few years.
• Investors are closely monitoring the market price of stocks.
• The market price for real estate in this area is incredibly high.

Adjective

1. Describing the price assessment or value of an item based on the current market conditions.

Example sentences:

• The market price estimate for this antique vase is around $500.
• It is difficult to determine the market price value of this painting without proper appraisal.
• We need to adjust the market price range for these products to remain competitive.

Verb

1. To determine or establish the appropriate price of a product or service based on market conditions.

Example sentences:

• The company is market pricing their new smartphone to attract a wider customer base.
• We need to market price our merchandise accordingly to maximize profits.
• The marketing team will market price the new software based on its features.