Market-priced

Market-priced describes a good or service whose price is determined by the prevailing forces of supply and demand within a specific market. This means the price fluctuates based on consumer interest, availability, and the prices of comparable goods or services. It reflects the current valuation of the product in the open marketplace. Factors like production costs, competition, and perceived value all influence market-priced items, making them a dynamic element of any economy. Generally, prices are neither set artificially high nor low, reflecting realistic values based on active trade.

Market-priced meaning with examples

• The new smartphone was market-priced, aligning its cost with similar devices already available. Its popularity, combined with production costs and competitive pressures, shaped its final price point. Consumers found the price attractive due to its features versus the price of other options, allowing the company to secure a good share in the highly contested phone market.
• When the rare artwork was market-priced at auction, the bidding war escalated rapidly. The high demand, coupled with its scarcity, dramatically increased the price. Potential buyers, willing to pay top dollar, valued it relative to other investments, resulting in a final price that reflected its perceived aesthetic value, provenance, and historical significance.
• The real estate developer opted to make the new apartments market-priced, hoping to appeal to a wider range of potential buyers. With the neighborhood experiencing increasing demand, pricing at a level comparable to nearby properties, helped ensure sales. This tactic balanced the development costs and maximized sales volume in the current market.
• The farmer sold his organic vegetables at market-priced rates, based on the prices offered at local farmers markets. This allowed him to adjust his prices according to seasonal changes and consumer preference. By tracking the average prices in the market, he could ensure fair pricing and remained competitive, while making a reasonable profit from his harvest.
• During the energy crisis, electricity was suddenly market-priced because previous subsidies were lifted. As a result, the price of power fluctuated drastically, based on supply from other sources, and the overall demand. Families found themselves making different economic choices, due to this sudden shift to a market-driven pricing mechanism.