Definition of price-taker in English:

price-taker

Line breaks: price-taker

noun

Economics
  • A company that must accept the prevailing prices in the market of its products, its own transactions being unable to affect the market price.
    More example sentences
    • The other thing that strikes me about people on low or middle incomes, particularly those with children, is that they are essentially price-takers of important commodities like electricity, petrol, and diesel.
    • ‘Farmers and ranchers need to stop being price-takers,’ says Montoya, referring to the food commodity system.
    • We will be more price-takers than price-makers.

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