Base Price

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Base Price


in Soviet economics, the price used as the basis for planning and statistical accounting in computing the indexes that characterize the dynamics of production, prime cost, and other indicators of national economic development. To the extent that the price level for one and the same product can differ from year to year, the determination and comparison of value indexes in the national economy (gross social product, national income, output of various branches of material production) for various years in current prices does not give a correct picture of real changes. Thus it is necessary to use base prices.

In capitalist countries, the base price is the price serving as a starting point for setting the price of a commodity of a specific quality, size, and chemical composition. The actual price diverges from the base price. There is a scale for increments and reductions in base prices. When market conditions change, base prices preserve a certain stability, but increments and reductions are subject to essential changes, resulting in a corresponding rise or fall in prices. The degree to which the actual price diverges from the base price is determined by the conditions under which the sale takes place and by the economic situation as a whole.


References in periodicals archive ?
Watson, who has represented Rajasthan Royals (RR) every year since joining them in the inaugural edition in 2008, was bought by Vijay Mallay-owned RCB for Rs95 million from a base price of Rs20 million.
International Resource News-December 10, 2015--AK Steel to increase spot market base prices for carbon flat-rolled steel products
1]298505); base price costlier than Lincoln MKZ by $450 (approximately a[sup.
3 crore) after starting with a measly base price of $20,000.
Pune Warriors bought Australian captain Michael Clarke for his base price of Rs.
42 million, almost 86 per cent high than the base price.
It was the only supermarket chain to actually cut its base prices in January - by 0.
If the Current Price Index for any lease year shall be greater than the Base Price Index, the base rent shall be increased by an amount equal to product obtained by multiplying
10/gallon increase in benzene over the base price of $1.
The product is available immediately, with a base price starting at $55,000 for a single license; typically, consulting service costs will match the single license base price and include installation, training and project completion.
6 million people, Telef[cent]nica and Movicom walked away with two 40 megahertz PCS licences, paying USD56 million and USD53 million each, off a base price of USD50 million.
Effective as from 1 April 1998, the Government through the Head of the National Logistics Agency (BULOG) raised the base price of dried, milled, unhulled paddy (GKG) by 33.