STREET PRICE Meaning and
Definition
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Street price refers to the actual market value or current selling price of a good or service that is primarily traded or sold illicitly on the streets or black market, usually in cash transactions. It represents the price at which a product or service is commonly bought and sold among individuals, without the involvement of authorized retailers or formal distribution channels. The street price typically differs from the official or established retail price due to various factors such as the absence of taxes, government regulations, or overhead costs.
This term is commonly used to describe illegal substances such as drugs, stolen goods, counterfeit products, or restricted items. For instance, the street price of illegal drugs like cocaine, heroin, or marijuana represents the amount of money typically exchanged for a specific quantity of the substance in the underground market.
The street price can fluctuate depending on various factors, including supply and demand dynamics, geographical location, purity or quality of the product, and risks associated with the trade. It may also be influenced by illegal activities, law enforcement efforts, or changes in market conditions.
As street markets operate outside of legal frameworks, the street price can be highly volatile and subject to negotiation and price variations among buyers and sellers. It is important to note that engaging in street price transactions is generally illegal and can lead to criminal charges or penalties.
Common Misspellings for STREET PRICE
- atreet price
- ztreet price
- xtreet price
- dtreet price
- etreet price
- wtreet price
- srreet price
- sfreet price
- sgreet price
- syreet price
- s6reet price
- s5reet price
- steeet price
- stdeet price
- stfeet price
- stteet price
- st5eet price
- st4eet price
- strwet price
- strset price
Etymology of STREET PRICE
The word "street price" does not have a specific etymology on its own. It is composed of the word "street", which refers to a public road in a city or town, and "price", which refers to the amount of money or goods required to acquire something.
The use of the term "street price" in various contexts is likely a result of the association between illegal or illicit activities taking place on the streets and the pricing of those activities, such as the illegal drug trade. In this context, "street price" refers to the price at which drugs or other illegal commodities are sold on the streets, outside of legal and regulated channels.
However, "street price" is also commonly used in legal and commercial contexts to indicate the current market price of a product or service, particularly when it is sold directly to the end consumer. This can include anything from electronics and clothing to goods sold in a black market or informally.
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