The overall level of prices in a country, as usually measured empirically by a price index, but often captured in theoretical models by a single variable.
The weighted average of the prices of all goods and services in an economy; used to calculate inflation. See also Consumer price index. View Capstone Lesson(s) that address this concept
the average level of prices in the economy.
A setup option available for EEnterprise users with Receivables Management, Inventory Control and Sales Order Processing. A price level allows you to set up an additional level of detail for each price schedule, so that each unit of measure can have unlimited price breaks for different price levels, such as a retail price level, a wholesale price level, and so on. In addition, you can assign a price level to each of your customers or prospects, which can be used when making a purchase. In e.Order, price levels are calculated and displayed on the PRODUCT.ASP page only if you assign a price level to the customer.
an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time
A composite measure reflecting the prices of all goods and services in the economy.
The average of the prices of goods and services produced in the aggregate economy. In a theoretical sense, the price level is the price of aggregate production. In a practical sense, the price level is measured by either of two price indexes, the Consumer Price Index (CPI) or the GDP price deflator. The CPI is the price index widely publicized in the media and used by the general public. The GDP price deflator, in contrast, is less well-known, but is usually the price index of choice among economists. When calculated as percentage changes from year-to-year, changes in the price level indicate the inflation rate.
Price of a standardized basket of goods used to monitor price trends.
The price level is the weighted average of the prices of all goods and services in an economic system. It is often measured with a consumer price index, which is one particular type of price index.