Market rate
Usual price charged for a good or service in a free market
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
- Interest
- Market price
External links
- Business Dictionary
- v
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