Administered Price

Pronunciation: /ədˈmɪnɪstərd praɪs/

Definitions of administered price

noun a price set by a government or other authority rather than by market forces

Example Sentences

A1 The administered price of the product was set by the government.

A2 The administered price of the medication was affordable for most people.

B1 Administered prices can help regulate markets and protect consumers.

B2 The administered price of electricity is determined by a regulatory agency.

C1 Economists study the impact of administered prices on inflation and economic growth.

C2 Government intervention in administered prices can have both positive and negative effects on the economy.

Examples of administered price in a Sentence

formal The government sets the administered price for essential goods to ensure fair pricing for consumers.

informal The administered price for movie tickets is way too high these days.

slang I can't believe the administered price for that new phone is through the roof!

figurative In the world of luxury fashion, the administered price for designer handbags is always sky-high.

Grammatical Forms of administered price

• plural: administered prices
• comparative: more administered price
• superlative: most administered price
• present tense: administers price
• future tense: will administer price
• perfect tense: has administered price
• continuous tense: is administering price
• singular: administered price
• positive degree: administered price
• infinitive: to administer price
• gerund: administering price
• participle: administered price

Origin and Evolution of administered price

First Known Use: 1930 year

Language of Origin: English

Story behind the word: The term 'administered price' originated in the field of economics and business to describe prices set and controlled by a governing body or authority.

Evolution of the word: Initially, administered prices were mainly used in the context of government-regulated industries such as utilities. Over time, the term has expanded to include any prices set by a central authority or through negotiation rather than by market forces alone.