administered price
- noun
- /ədˈmɪnɪstərd praɪs/
- Specialized
:
precio administrado
- The government implemented administered prices to ensure basic goods remain affordable for all citizens.
Examples
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Market prices are those that arise from the changing balance of supply and demand among competing traders, whereas administered prices are those that are set or imposed by some public agency in the absence of an interactive market process.
Academic text (2008) -
The main conclusions reached here are that in many jurisdictions, schemes of administered prices may represent an attractive policy approach to promoting the overall efficiency of water use.
Academic text (2008) -
Foremost among these were administered prices.
Blog text (15) -
With administered prices, there is the option to employ a more comprehensive and relevant measure of supply costs than those reflected in most markets.
Academic text (2008) -
In many jurisdictions, schemes of administered prices are likely to represent an attractive policy approach to promoting the overall efficiency of water use.
Academic text (2008) -
Gradual increases in administered prices are another factor that contribute to the continuing price rise.
Academic text (1991) -
To balance the budget, deep cuts were made in subsidies, and this, in turn, necessitated sharp increases in administered prices.
Academic text (1991) -
Even though these are administered prices, they are capable of providing important signals across the economy about preferred patterns of water use and about alternative means of supplying or provisioning water.
Academic text (2008) -
Since, in most countries, an individual's ability to use groundwater or surface water is not decided by the interaction of numerous independent buyers and sellers, there is a potentially important distinction to be made between market prices and administered prices.
Academic text (2008) -
Especially where notions of market efficiency and the best use of scarce resources are paramount, the challenge is to make administered prices more closely resemble the market prices that a well-functioning market might set.
Academic text (2008)
How Controlled
Surface Forms
Morphology
The phrase is a past-participial adjective + noun construction where 'administered' (managed/overseen) modifies 'price', so a learner who knows 'administer' and 'price' can readily infer it means a price set or managed by an authority. This compositional, grammar-driven pattern is common cross-linguistically and follows normal English formation, making the meaning transparent to a B1 learner.
Etymology
The term administered price may come from the simple image of an official 'administering' a price, like a manager writing the cost on a shop sign instead of letting buyers decide. So, it means a price 'set by an authority', not one chosen by the free market.