HIGHLY PRICED Meaning and
Definition
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The term "highly priced" refers to a product, service, or commodity that is priced at a significantly elevated level relative to the average or typical price in the market. It denotes an item or offering that commands a substantial monetary value, often due to its perceived superior quality, exclusivity, or scarcity. Highly priced items are usually associated with a premium or luxury positioning, targeting a more affluent or discerning customer segment who is willing to pay a premium for perceived added value.
Typically, highly priced goods are characterized by their exceptional craftsmanship, advanced technology, unique design, or outstanding performance. Examples include luxury cars, designer clothing, high-end electronics, and premium real estate properties. These items often carry prestigious brand names and boast superior features, materials, or functions, differentiating them from their more affordable counterparts.
The notion of being "highly priced" can vary across industries, regions, and consumer preferences. While it is subjective and context-dependent, it generally conveys the idea of being at the upper end of the price spectrum. However, it is essential to note that pricing alone does not always guarantee quality or value. Therefore, consumers should carefully evaluate the product's attributes, reputation, and overall worth before making a purchase decision, ensuring that the premium price is justified by the expected benefits.
Common Misspellings for HIGHLY PRICED
- gighly priced
- bighly priced
- nighly priced
- jighly priced
- uighly priced
- yighly priced
- hughly priced
- hjghly priced
- hkghly priced
- hoghly priced
- h9ghly priced
- h8ghly priced
- hifhly priced
- hivhly priced
- hibhly priced
- hihhly priced
- hiyhly priced
- hithly priced
- higgly priced
- higbly priced
Etymology of HIGHLY PRICED
The word "highly priced" is a compound term made up of two separate words: "highly" and "priced".
The word "highly" comes from the Middle English word "heyli", which is derived from the Old English word "heahlic". "Heahlic" means "high in position or rank", and it originates from the Proto-Germanic word "hauxa", meaning "high".
The word "priced" comes from the Old English word "prēs", which means "price, value, or worth". It is derived from the Proto-Germanic word "praisijan", which means "to value or appraise".
When these two words are combined to form "highly priced", it refers to something that has a high value or worth, often with a high monetary price.
