How Do You Spell GOING PRICE?

Pronunciation: [ɡˌə͡ʊɪŋ pɹˈa͡ɪs] (IPA)

The term "going price" is spelled using IPA phonetic transcription as /ˈɡoʊɪŋ praɪs/. This term refers to the current market price of a certain product or service. The word "going" is pronounced as "goh-ing" with a long "o" sound, followed by a soft "i" sound. The word "price" is pronounced as "prahys," with a long "a" sound and a soft "s" sound. The combination of these two words creates a phrase commonly used in buying and selling transactions.

GOING PRICE Meaning and Definition

1. The term "going price" refers to the prevailing or current market value of a particular good or service at a given time. It represents the amount of money that a buyer typically pays for a product or service, based on the supply and demand dynamics in the market.

   Going price serves as an indicator of what is considered a fair and acceptable price for a given product or service, taking into account factors such as production costs, competition, and consumer behavior. It is often influenced by various market forces, such as changes in supply and demand, inflation, and fluctuations in the overall economy.

   The concept of going price is especially relevant in industries where prices can fluctuate frequently, such as commodities, real estate, and financial markets. In these sectors, buyers and sellers closely monitor the going price to make informed decisions regarding their transactions. The going price can also be influenced by external factors, such as government regulations, taxes, and subsidies, which can have a direct impact on the supply and demand balance.

   It is important to note that the going price is not fixed and can change over time. It is subject to various factors that can influence the market conditions and buyer and seller behavior. Therefore, individuals and businesses need to stay updated with the current going price to make informed decisions and negotiate effectively in the marketplace.

Common Misspellings for GOING PRICE

• foing price
• voing price
• boing price
• hoing price
• yoing price
• toing price
• giing price
• gking price
• gling price
• gping price
• g0ing price
• g9ing price
• goung price
• gojng price
• gokng price
• goong price
• go9ng price
• go8ng price
• goibg price
• goimg price

Etymology of GOING PRICE

The term "going price" refers to the current or prevailing price of a product or service.

The etymology of the term is straightforward. "Going" here means the price that is currently in effect or commonly accepted at a particular time. It is derived from the verb "go", which implies movement or current status. "Price" simply indicates the set amount of money or value required to obtain something. When combined, "going price" means the existing or prevailing cost of a good or service.