law of one price Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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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 financial market goods would have the same price everywhere: Mobile phones reduced price 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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