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 The pandemic, combined with a nasty price war between Saudi Arabia and Russia, caused the oil market's darkest day ever last April. Matt Egan, CNN, "Oil is up nearly 70% since the election, a record in the modern era," 26 Feb. 2021 This broke out into an all-out price war in 2019 when these firms cut stock-trading commissions to zero, four years after Robinhood, a startup promising commission-free trading, came on the scene. The Economist, "Pay-per trade High-frequency traders are in the spotlight," 6 Feb. 2021 The Saudis and Russians celebrated with a ministerial barbecue in Riyadh that was meant to put their price war of last spring firmly into the past. Daniel Yergin, WSJ, "The Oil Industry Is Stuck in Virus Alley," 29 Dec. 2020 Then Saudi Arabia and Russia engaged in an epic price war that amplified the glut, causing the oil industry to nearly run out of room to store all the excess barrels. Matt Egan, CNN, "The pandemic killed 107,000 oil and gas jobs. Most aren't coming back anytime soon," 8 Oct. 2020 Trump took an unusually hands-on role intervening in the affairs of OPEC+, a group led by Saudi Arabia and Russia that has the power to swing global oil markets, intervening this spring to help end a price war Riydah and Moscow. Josh Siegel, Washington Examiner, "Daily on Energy: Trump EPA makes it harder for Biden administration to regulate greenhouse gas emissions," 12 Jan. 2021 Saudi Arabia and Russia clashed last year over oil policy, effectively triggering a global price war when each opened up their spigots and flooded the market. Benoit Faucon, WSJ, "Saudis, Russia at Odds Over Boosting Oil Output Amid Covid-19 Pandemic," 4 Jan. 2021 As the coronavirus spread and Saudi Arabia and Russia mounted a price war, oil prices plunged. chicagotribune.com, "Some businesses thrived, many lagged during pandemic in 2020," 31 Dec. 2020 The unprecedented trip below zero this spring was caused by an epic collapse in demand during the pandemic and a price war between Saudi Arabia and Russia. Cnn Business Staff, CNN, "2020's biggest winners and losers in business," 30 Dec. 2020

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.

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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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Statistics for price war

Last Updated

3 Mar 2021

Cite this Entry

“Price war.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/price%20war. Accessed 8 Mar. 2021.

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More Definitions for price war

price war

noun

English Language Learners 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
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