relative price

简明释义

相对价格

英英释义

Relative price refers to the price of a good or service in comparison to the price of another good or service.

相对价格是指一种商品或服务的价格与另一种商品或服务的价格进行比较时的价格。

例句

1.In economics, the relative price 相对价格 helps determine the opportunity cost of choices.

在经济学中,relative price 相对价格有助于确定选择的机会成本。

2.When analyzing market trends, it's important to consider the relative price 相对价格 of goods over time.

在分析市场趋势时,考虑商品随时间变化的relative price 相对价格是很重要的。

3.The relative price 相对价格 of apples to oranges has changed due to a poor harvest this year.

由于今年的歉收,苹果与橙子的relative price 相对价格发生了变化。

4.Consumers often switch products based on the relative price 相对价格 between substitutes.

消费者常常根据替代品之间的relative price 相对价格来切换产品。

5.The relative price 相对价格 of labor to capital can influence a company's investment decisions.

劳动与资本的relative price 相对价格可以影响公司的投资决策。

作文

In the world of economics, understanding the concept of relative price is crucial for both consumers and producers. The term relative price refers to the price of one good or service compared to another. It helps us comprehend how resources are allocated in the market and how individuals make choices based on the prices of different goods. For instance, if the price of apples increases while the price of oranges remains constant, the relative price of apples compared to oranges rises. This shift may lead consumers to purchase fewer apples and more oranges, illustrating how relative price influences consumer behavior.The significance of relative price extends beyond individual choices; it also plays a vital role in determining the allocation of resources in an economy. When producers observe changes in relative price, they adjust their production strategies accordingly. If the relative price of electric cars increases due to rising demand, manufacturers may decide to allocate more resources towards the production of electric vehicles instead of gasoline-powered cars. This reallocation reflects the market's response to changing consumer preferences and highlights the dynamic nature of economic systems.Moreover, relative price can also be influenced by various factors such as supply and demand, government policies, and external economic conditions. For example, during a natural disaster, the supply of certain goods may decrease, causing their relative price to increase significantly. This increase can lead to a surge in demand for substitutes, further impacting consumer choices and market dynamics.Understanding relative price is not only important for economists but also for everyday consumers. When shopping, individuals often compare the relative price of products to make informed decisions. For instance, if a consumer is deciding between two brands of cereal, they may consider the relative price of each brand based on their size and nutritional value. By analyzing relative price, consumers can maximize their utility and get the best value for their money.In conclusion, the concept of relative price serves as a fundamental principle in economics that affects both individual choices and broader market trends. By understanding how relative price operates, consumers can make better purchasing decisions, and producers can optimize their resource allocation. As the economy continues to evolve, the importance of relative price will remain a key factor in shaping market behaviors and economic outcomes. Therefore, fostering a deeper understanding of relative price is essential for anyone looking to navigate the complexities of the economic landscape effectively.

在经济学的世界中,理解相对价格的概念对消费者和生产者来说至关重要。术语相对价格指的是一种商品或服务与另一种商品或服务的价格比较。它帮助我们理解市场中资源是如何配置的,以及个人是如何根据不同商品的价格做出选择的。例如,如果苹果的价格上涨,而橙子的价格保持不变,那么苹果与橙子的相对价格就会提高。这一变化可能导致消费者减少购买苹果而增加购买橙子,从而说明了相对价格如何影响消费者行为。相对价格的重要性不仅限于个人选择,它在决定经济资源的配置方面也发挥着重要作用。当生产者观察到相对价格的变化时,他们会相应地调整生产策略。如果电动车的相对价格由于需求上升而增加,制造商可能决定将更多资源分配给电动车的生产,而不是汽油车的生产。这种重新配置反映了市场对消费者偏好变化的响应,并突显了经济系统的动态特性。此外,相对价格还可能受到供求、政府政策和外部经济条件等各种因素的影响。例如,在自然灾害期间,某些商品的供应可能会减少,从而导致其相对价格显著上涨。这一上涨可能导致对替代品的需求激增,进一步影响消费者选择和市场动态。理解相对价格不仅对经济学家重要,对于日常消费者来说也是如此。在购物时,个人通常会比较产品的相对价格以做出明智的决策。例如,当消费者在选择两种品牌的谷物时,他们可能会根据每个品牌的大小和营养价值考虑其相对价格。通过分析相对价格,消费者可以最大化他们的效用,并获得最佳的性价比。总之,相对价格的概念作为经济学中的基本原则,影响着个人选择和更广泛的市场趋势。通过理解相对价格的运作方式,消费者可以做出更好的购买决策,生产者可以优化资源配置。随着经济的不断发展,相对价格的重要性将继续成为塑造市场行为和经济结果的关键因素。因此,深入理解相对价格对于任何希望有效应对经济环境复杂性的人来说都是必不可少的。

相关单词

relative

relative详解:怎么读、什么意思、用法