Basic Price

  Within the Common Agricultural Policy (CAP), the cost of production price for pigmeat, fruit and vegetables. The European Agricultural Guidance and Guarantee Fund (EAGGF) intervenes to purchase produce if the average market price falls below the basic price.

Glossary of the European Union and European Communities . 2014.

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  • basic price — ➔ price1 * * * basic price UK US noun [C] (US USUALLY base price) ► COMMERCE the price you pay for something, not including the price of any extra features, and sometimes not including tax: »Customers aren t always clear what s included in the… …   Financial and business terms

  • basic price — /ˌbeɪsɪk praɪs/,basic rate /ˌbeɪsɪk reɪt/ noun the price of a product or service that does not include any extras ● This is a rather high basic price. ● Please make clear whether £1,000 is the basic rate or whether it is inclusive of spare parts …   Marketing dictionary in english

  • basic price — standard accepted price …   English contemporary dictionary

  • basic price — The price of a vehicle without including any optional accessories, taxes, delivery charges, etc …   Dictionary of automotive terms

  • price — A fixed value of something. Prices are usually expressed in monetary terms. In a free market, prices are set as a result of the interaction of supply and demand in a market; when demand for a product increases and supply remains constant, the… …   Financial and business terms

  • basic — [[t]be͟ɪsɪk[/t]] ♦♦ 1) ADJ GRADED: usu ADJ n You use basic to describe things, activities, and principles that are very important or necessary, and on which others depend. One of the most basic requirements for any form of angling is a sharp hook …   English dictionary

  • price — See basic price end of lease purchase price final purchase price fixed price selling list price manufacturer s suggested retail price one price selling purchase price sticker price …   Dictionary of automotive terms

  • Price war — is a term used in business to indicate a state of intense competitive rivalry accompanied by a multi lateral series of price reductions. One competitor will lower its price, then others will lower their prices to match. If one of the reactors… …   Wikipedia

  • Price-cap regulation — is a form of regulation designed in the 1980s by UK Treasury economist Stephen Littlechild, which has been applied to all of the privatized British network utilities. It is contrasted with rate of return regulation, in which utilities are… …   Wikipedia

  • price-insensitive — ˌprice inˈsensitive adjective 1. ECONOMICS a price insensitive product is one that sells in the same quantities, whether the price is high or low: • Basic foods, water and housing are price insensitive products, which are viewed as necessities of …   Financial and business terms

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