Meaning of “price war” in the English Dictionary

british dictionary

"price war" in Business English

See all translations

price warnoun [ C ]

uk us

COMMERCE a situation in which companies compete with each other by reducing prices:

a fierce/vicious price war A fierce price war has buffeted the US car business and caused deep unease in Detroit, the home to the industry.
A petrol price war broke out between supermarkets this week.

(Definition of “price war” from the Cambridge Business English Dictionary © Cambridge University Press)

Need a translator?

Translator tool

Get a quick, free translation!