price competition
2
3.0
- noun
:
competencia de precios
- Many consumers benefit from price competition as businesses lower their prices to attract more customers.
- vigorous price competition
Basically, if there's long lags in production, I can't do price competition.
- Basically, if there's long lags in production, I can't do price competition.
- But it's always a case that if you, if you have price competition, the the learner index is equal to the inverse of demand.
Examples
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Fierce price competition among restaurants has made dining out more affordable for everyone.
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The first concern is with innovation competition, and the second is with pure price competition.
Academic text (1995) -
The hardware environment is more competitive and dynamic than ever, with more consumer choice and more price competition.
Blog text (27) -
Antitrust analysis is typically concerned with price competition.
Academic text (1995) -
Menhaden oil also faces price competition, and the traditional market in Europe is uncertain.
Academic text (1991) -
Many experts believe that the private market drives innovation and price competition, encouraging the greatest number of potential contractors to provide their solutions to the government.
Academic text (2017) -
If there are efficiencies to be exploited, the market will accomplish the task if there is meaningful price competition.
Academic text (1991) -
Suppose that two drug manufacturers set up a joint venture to make a vaccine, and the collaboration does not raise any concerns in terms of its impact on price competition or R&D competition with respect to the particular vaccine.
Academic text (1995) -
Some health care professionals seem reluctant to acknowledge that they care about losing income due to price competition, or that they would rather not have to compete on dimensions of quality or convenience if a larger pool of providers were authorized to offer certain services.
Academic text (2016) -
The repeal of anti-rebate laws might encourage competition among insurance agents, who were otherwise prohibited from price competition in the form of premium rebates.
Academic text (1991)
Synonyms
1
2.8
Reducing the price of goods below the usual amount to attract customers
How Intense
Surface Forms
Morphology
The meaning is directly compositional: 'price' (cost) modifies 'competition' (rivalry), so a B1 learner who knows both words can infer it refers to rivalry based on prices. This noun-noun construction is common across languages (e.g. Spanish 'competencia de precios') and follows standard English compounding patterns, making it immediately understandable.
Etymology
Price competition comes from the image of shops trying to beat each other by putting lower prices on their signs to win customers. So it means businesses competing by 'lowering their prices' to 'attract customers'.