Definition, Meaning & Synonyms
price-difference
noun
/praɪs ˈdɪf.ər.əns/
Definition
The variation in the cost of an item or service when compared between different markets, stores, or time periods.
Examples
- There was a significant price-difference between buying vegetables at the farmer’s market and the supermarket.
- Consumers should consider the price-difference when shopping online versus in-store.
- The price-difference for the same smartphone model in different countries can be surprising.
Meaning
Price-difference refers to the amount by which the price of an item varies from one point of reference to another.
Synonyms
- price variation
- cost difference
- price disparity
