natural price

English - English

Definition of natural price in English English dictionary

A price for a good or service that is equal to the cost of production

When the price of any commodity is neither more nor less than what is sufficient to pay the rent of the land, the wages of the labour, and the profits of the stock employed in raising, preparing, and bringing it to market, according to their natural rates, the commodity is then sold for what may be called its natural price.

Related Terms

natural prices

plural form of natural price

Hyphenation

na·tu·ral price

Turkish pronunciation

näçrıl prays

Pronunciation

/ˈnaʧrəl ˈprīs/ /ˈnæʧrəl ˈpraɪs/