law of one price Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “law of one price” in the English Dictionary

"law of one price" in Business English

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law of one pricenoun [S]

uk   us  
ECONOMICS the ​principle that in a perfect ​financialmarketgoods would have the same ​price everywhere: Mobile ​phonesreducedprice differences across fish ​markets by almost 60% in four ​years, an almost-perfect ​example of the "​law of one ​price."
(Definition of law of one price from the Cambridge Business English Dictionary © Cambridge University Press)
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