price mechanism

noun

variants or price system
: a system of price determination and allocation of goods by free market forces

The Ultimate Dictionary Awaits

Expand your vocabulary and dive deeper into language with Merriam-Webster Unabridged.

  1. Expanded definitions
  2. Detailed etymologies
  3. Advanced search tools
  4. All ad-free

Discover what makes Merriam-Webster Unabridged the essential choice for true word lovers.

Start Your Free Trial Now

Dictionary Entries Near price mechanism

Cite this Entry

“Price mechanism.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/price%20mechanism. Accessed 16 Dec. 2024.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!