price spike

Meanings

• Noun

  A significant and often sudden increase in the price of a good, service, or financial asset.

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Variants

List of all variants of price spike that leads to same result
price , prices , priced , pricer , pricers , pricing , economical prices , asking price , asking prices , bride-price , bride-prices , hammer price , hammer prices , list price , list prices , market price , market prices , pre-price , pre-priced , pre-prices , pre-pricing , preprice , prepriced , preprices , prepricing , reserve price , reserve prices

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Etymology

origin and the way in which meanings have changed throughout history.

The term 'price spike' is a metaphorical expression derived from the graphical representation of price movements in financial markets.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The term 'price spike' was first used in the context of the oil market in the 1970s.

2. Price spikes in commodity markets can have a ripple effect on the prices of related goods and services.

3. The largest price spike in history occurred in 1720 during the South Sea Bubble, when the price of the South Sea Company's stock increased by over 1,000% in a single day.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Price bubble: A price spike that is driven by speculation and hype, rather than underlying economic fundamentals, and eventually collapses.

2. Inflation: A sustained increase in the general price level of goods and services in an economy over a period of time.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Price spikes can have significant economic and social implications, such as affecting supply chains, consumer behavior, and market stability. They can also be a topic of interest in various forms of media and popular culture.

How to Memorize "price spike"

1. visualize
   

   - Imagine a graph with a steep upward trend representing a price spike.

2. associate
   

   - Associate the term 'price spike' with sudden, unexpected increases in cost.

3. mnemonics
   

   - Use the acronym P-R-I-C-E to remember Price Rapidly Increases Considerably Everywhere.

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