Definition of shadow price in English:

shadow price

Line breaks: shadow price

noun

Economics
  • The estimated price of a good or service for which no market price exists.
    More example sentences
    • For unpaid work, such as housework, costs were estimated at a shadow price of 7.94 an hour.
    • The second feature is the high degree of variability of an input shadow price across estates (as indicated by the standard deviations and coefficients of variation).
    • The price of ‘grey shares’ - the shadow price before the listing - went as high as 300p.

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Word of the day tortie
Pronunciation: ˈtôrtē
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a tortoiseshell cat