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词汇 natural price
释义

Definition of natural price in English:

natural price

noun
Economics historical
  • The (intrinsic) value of a commodity with respect to the costs of production, as distinguished from the fluctuating market value.

Origin

Mid 17th century; earliest use found in William Petty (1623–1687), natural philosopher and administrator in Ireland.

Definition of natural price in US English:

natural price

noun
Economics historical
  • The (intrinsic) value of a commodity with respect to the costs of production, as distinguished from the fluctuating market value.

Origin

Mid 17th century; earliest use found in William Petty (1623–1687), natural philosopher and administrator in Ireland.

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