Market Price

Market price is the current amount of money that buyers are willing to pay and sellers are willing to accept for a good or service in the marketplace. It is determined by the forces of supply and demand—if many want something and it's limited, the price tends to rise; if it's less desired or plentiful, the price tends to fall. Market price fluctuates based on various factors such as economic conditions, trends, and available alternatives, serving as a key indicator of a product’s value at a given moment in the marketplace.