Business Terms and Jargon Explained

What is Market Prices

Those prices which purchasers pay for the goods and services they acquire or use, excluding deductible VAT. The term is usually used in the context of aggregates such as GDP, whereas purchasersí prices refer to the individual transactions.

© Crown Copyright. Material taken from National Statistics website: Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2007-01-19 15:25:55

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