Market rate
From Infogalactic: the planetary knowledge core
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).
See also:
External links
<templatestyles src="Asbox/styles.css"></templatestyles>
 |
This economics-related article is a stub. You can help Wikipedia by expanding it. |
