price war

noun

Definition of price war

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

Examples of price war in a Sentence

The airlines are engaged in another price war.
Recent Examples on the Web Jack Tramiel launched a price war with its VIC-20 and especially its excellent Commodore 64 computer, slashing prices in half soon after launch and then lower still. PCMAG, 27 June 2022 Demand for crude in cars and planes plummeted with much of the world economy in lockdown, while Saudi Arabia and Russia, two of the world’s biggest crude producers, launched a crushing price war. David Hodari, WSJ, 9 Dec. 2020 Buyers will have more options, potentially starting a price war between producers whose crude few want to touch. Nadeen Ebrahim, CNN, 27 May 2022 Supply swelled as Saudi Arabia and Russia engaged in a price war at the worst possible moment. Matt Egan, CNN, 20 Apr. 2021 In April 2020, the pandemic triggered such a sharp drop in oil demand in the wake of a Russian-Saudi price war that the world was running out of places to store it, and oil prices briefly dipped below zero. Gregory Zuckerman, WSJ, 17 Mar. 2022 The apparent price war is the latest indication that smartphone makers may be betting on affordable 5G devices to entice first-time buyers and upgrades, at a time when the market feels saturated. Samantha Murphy Kelly, CNN, 17 Mar. 2022 Soon after the pandemic hit (and an accompanying oil-price war ended), Russia and Saudi Arabia agreed to slash production, allowing global oil prices to reach an equilibrium. Robinson Meyer, The Atlantic, 23 Feb. 2022 And an epic oil price war between Saudi Arabia and Russia made things even worse. Matt Egan, CNN, 6 July 2021 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'price war.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of price war

1895, in the meaning defined above

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Time Traveler for price war

Time Traveler

The first known use of price war was in 1895

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Dictionary Entries Near price war

price tag

price war

pricey

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Statistics for price war

Last Updated

1 Jul 2022

Cite this Entry

“Price war.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/price%20war. Accessed 3 Jul. 2022.

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