Price
Definition
(v) : To decide or set the cost of something
Example
"(n) : The price of milk increased suddenly after the supply became low."
"(n) : Before buying anything, it is always wise to compare prices at different stores to save money."
"(v) : The manager priced the new products carefully so customers could afford them easily."
Explanation
Price is the amount of money you must pay to buy something. Every product or service has a price, such as food, clothes, tickets, or repairs. Prices can be low or high depending on quality, demand, and place. When shopping, people often compare prices to choose what they can afford. The word can also be used as a verb, meaning to decide or set the cost of something, such as when a shopkeeper prices a new item before putting it on sale. Price helps people understand the value of things in daily life.