The spelling of the word "price current" is straightforward when seen in the context of the IPA phonetic transcription. The word is commonly pronounced as /praɪs ˈkʌrənt/, with stress on the first syllable of "price" and the second syllable of "current." The first sound in "price" is a voiceless bilabial fricative /p/, followed by a voiced diphthong /raɪ/. The second word "current" starts with a voiced velar plosive /k/ and ends with a nasal vowel /ənt/. Proper pronunciation of this word is crucial in finance and commerce context.
Price current refers to the most recent or prevailing prices of goods, services, or commodities in a specific market or industry. It is also known as current price or current market price. The price current can be used as a reference point to assess the value of a product or service at a given time, and it is often obtained from various sources such as financial markets, price indexes, or industry reports.
The price current is constantly updated to reflect changes in supply and demand dynamics, market conditions, as well as other factors that influence pricing. This information is crucial for buyers, sellers, investors, and decision-makers who rely on accurate and up-to-date pricing data to make informed judgments and effective strategies.
In financial markets, price current is particularly important and is used to determine the current value of stocks, bonds, or commodities. It helps investors and traders assess the profitability and performance of their investments and make decisions on buying or selling securities.
For businesses, price current plays a vital role in competitive pricing strategies, market analysis, and profit maximization. By staying aware of the price current in their respective industries, businesses can adjust their pricing strategies to remain competitive, optimize profit margins, and meet customer demand.
In summary, price current refers to the most recent or prevailing prices of goods, services, or commodities in a specific market or industry. It serves as a reference point for assessing value and making informed decisions regarding pricing, investments, and market strategies.
A table or list containing an account of the ordinary value or price, in different parts, of merchandise, stocks, &c.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
The term "price current" originated in the early 19th century and consists of two words: "price" and "current".
- The word "price" originated from the Latin word "pretium", meaning "value" or "worth". It entered the English language in the 13th century, originally referring to the value or amount of money needed to purchase something.
- The word "current" comes from the Latin word "currere", meaning "to run" or "to flow". It was first used in English in the late 14th century, originally referring to the steady and continuous flow of water or air. Over time, it was also used metaphorically to describe the flow or movement of ideas, trends, or information.
When combined, "price current" refers to a list or publication that provides up-to-date information about the value or cost of various goods or services.