🇨🇳Chinese Source WordCode: ZH

市场价

Pronunciation / Transliteration: shì chǎng jià

🇬🇧 Direct English Meaning:
Market rate/ˈmɑːr.kɪt reɪt/
nounCEFR B2 (Upper)Top #4500 frequency
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🇨🇳 Example Sentence in Chinese:

"这栋房子的售价符合市场价。"

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    The current price or cost of a commodity, service, or asset as determined by free competition in an open market.

    "We need to ensure our salaries are aligned with the prevailing market rate to attract top talent."
  2. 2

    The standard interest rate or exchange rate currently charged or offered by financial institutions.

    "The bank offered a mortgage tied directly to the current market rate."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term combines 'market' (derived from Latin 'mercatus', meaning 'trade' or 'marketplace', via Old French and Middle English) and 'rate' (from Late Latin 'rata [pars]', meaning 'fixed or calculated proportion'). Together, the compound phrase emerged in modern economic discourse during the late 18th to 19th centuries to describe prices established dynamically through the forces of supply and demand in an open market.

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