market rate
market rate
English Definitions:
Market rate
The market rate (or "going rate") for goods or services is the usual price charged for them in a free market. If demand goes up, manufacturers and laborers will tend to respond by increasing the price they require, thus setting a higher market rate. When demand falls, market rates also tend to fall (see Supply and demand).
market rate
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"market rate." Kamus.net. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.kamus.net/english/market+rate>.
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