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price war

noun

Simple Definition of price war

  • : a situation in which companies or stores compete with each other by lowering their prices on goods or services in order to attract more customers

Source: Merriam-Webster's Learner's Dictionary

Full Definition of price war

  1. :  commercial competition characterized by the repeated cutting of prices below those of competitors

Examples of price war in a sentence

  1. The airlines are engaged in another price war.



1925

First Known Use of price war

1925


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