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Meaning of “price taker” in the English Dictionary

"price taker" in Business English

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price takernoun [C]

uk   us  
COMMERCE, FINANCE a ​company, ​buyer, or ​investor who is not able to ​influence the ​price of a ​product or ​investment and has to ​follow what other ​companies, etc. are doing: The ​pricetakersells every ​unit at the ​price that is ​determined by the ​market.
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(Definition of price taker from the Cambridge Business English Dictionary © Cambridge University Press)
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