Products
In apple season, apples cost half as much as oranges. In orange season, oranges cost half as much as apples.Services
A local carpenter with high ratings and stellar recommendations costs 35% more than a carpenter with mediocre ratings that includes a few complaints.Entertainment
A night out at the movies costs 1/4 the price of a night at the opera.Investing
A stock with a price-to-book ratio of 2 might look cheap in a market where the average price-to-book is 3. However, if the average price-to-book drops to 0.66 a price-to-book of 2 may start to look expensive.| Overview: Relative Price | ||
Type | ||
Definition (1) | The price of something compared to something else. | |
Definition (2) | The price of something compared to all available alternatives and substitutions. | |
Related Concepts | ||
