price discrimination

noun

the practice of offering identical goods to different buyers at different prices, when the goods cost the same.

Origin of price discrimination

First recorded in 1955–60

Words nearby price discrimination

price, price break, price commission, price control, price controls, price discrimination, price fixing, price gouging, price index, price is right, the, price leadership

British Dictionary definitions for price discrimination

price discrimination

noun

economics the setting of different prices to be charged to different consumers or in different markets for the same goods or services