Business / Agriculture / Domestic Price: The price at which a commodity trades within a country, in contrast to the world price. For those commodities not benefitting from some form of price support, the domestic price is determined by supply and demand. For commodities that receive price support, the domestic price is usually set by the loan rate or some comparable support level that serves as a price floor in the marketplace working in conjunction with any import quota that may be in effect.
Domestic Noun Synonyms: home, private, family, familial, residential, household
Domestic Adjective Synonyms: tame, domesticated, house-trained, house-broken
Price Noun Synonyms: charge, cost, expense, expenditure, outlay, payment, amount, figure, fee, quotation, appraisal, value, valuation, evaluation, worth
Price Verb Synonyms: sacrifice, toll, penalty, cost, consequence
Business / Agriculture / World Price: The price at which commodities will move in international trade under existing marketing conditions. The concept 'world price' lacks precision unless quality, location, and other factors are specified MORE
Business / Finance / Price Range: The interval between the high and low prices over which a stock has traded over a particular period of time. MORE