PRICE OUT Meaning and
Definition
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The phrase "price out" refers to a situation where the cost of a particular item, service, or experience becomes prohibitively expensive, making it difficult or impossible for someone to afford or access it. When an item is priced out, its price has risen to the point of exceeding what the individual or market is willing or able to pay.
The term is commonly used in various contexts, including real estate, retail, travel, and leisure industries. For instance, in the real estate market, a rising demand for housing may cause prices to surge, ultimately pricing out many potential buyers who can no longer afford the skyrocketing costs. Similarly, in retail, certain luxury brands or high-end products may be priced out for consumers with lower incomes.
Notably, "price out" can also extend beyond tangible goods and encompass services, such as healthcare or education. In these instances, increasing costs can bar individuals from accessing necessary medical treatments or quality education due to financial constraints.
Overall, the concept of "price out" revolves around the idea of affordability, highlighting cases where the cost of an item or service has become excessively high. It signifies a situation where individuals or groups are excluded or have limited access due to financial constraints, reflecting the intersection of price, demand, and accessibility in various markets.
Common Misspellings for PRICE OUT
- orice out
- lrice out
- 0rice out
- peice out
- pdice out
- pfice out
- ptice out
- p5ice out
- p4ice out
- pruce out
- prjce out
- prkce out
- pr9ce out
- pr8ce out
- prixe out
- prife out
- pride out
- pricw out
- prics out
- pricd out
Etymology of PRICE OUT
The etymology of the phrase "price out" can be understood by analyzing the origins and meanings of its individual components.
1. Price: The term "price" dates back to the 13th century and has its roots in the Old French word "pris", meaning "prize" or "value". This word originated from the Latin word "pretium", which also meant "price" or "value".
2. Out: In this context, "out" is used as a preposition meaning "outside" or "beyond". It has Old English origins and can be traced back to the Germanic word "ūt".
When combined, "price out" refers to the act of determining or calculating the cost or value of something outside of a particular range or budget. It commonly denotes the process of finding the total price of items or services that are beyond one's financial means.
Idioms with the word PRICE OUT
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price out of the market
The idiom "price out of the market" refers to the act of setting a price for a product or service that is so high that it becomes unaffordable or uncompetitive compared to similar offerings in the market. It implies that the price is beyond what the market or target consumers are willing or able to pay, resulting in a loss of customers or market share.
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