The phrase "absolute price" is correct and usable in written English.
It can be used in economic discussions to refer to the price of a good or service without considering its relative value or comparison to other prices.
Example: "The absolute price of the new smartphone is significantly higher than its predecessor, which may affect its sales."
Alternatives: "fixed price" or "stated price".
Jeremy Nicholson, director of the Energy Intensive Users Group, said the absolute price of energy was less of an issue than the price relative to that of rivals.
The idea was most recently proposed by the Australian Energy Market Commission in a submission to the Coalition government, with the AEMC stating that it could operate "without a significant effect on absolute price levels faced by consumers".
Whether that translates into a slightly slower increase in prices than would otherwise have been the case or a small absolute price reduction depends on the property market in a particular area when the change comes in.
"For many people, value isn't just based on absolute price," said Brad Casper, president and chief executive at the Henkel Consumer Goods division of the Henkel Corporation, whose products include home care and personal care.
Based on how things are going after the first dozen condos are sold, said the Beacon developer, George Filopoulos of Metrovest Equities, he will decide what to do next: sell some or all of the 13 remaining units at whatever "absolute" price they attain during the course of the auction, or set a minimum acceptable price.
It's the scheme the energy market regulator – the Australian Energy Market Commission – recommended that the government adopt in a submission last year and said could operate "without a significant effect on absolute price levels faced by consumers" and which state and federal energy ministers asked that body to develop further late last year.
Why are you upbeat about bank and brokerage stocks? A. Valuations are at the very low end of absolute price-to-earnings ratios, the condition of the industry is extraordinarily sound, and no one ever sees the end of the business loan cycle ahead of time.
What is amazing is not the absolute prices of these shares, but their relative prices.
It does have implications for absolute pricing, and the focus of rational/irrational debate is exactly on this question.
Others say the market may be good at pricing in a relative sense — one stock versus another — but it is very bad at setting absolute prices, the level of the market as a whole.
"After all we put into this!" But then auctioneers from Sheldon Good & Company, which is conducting the sale, convinced Mr. Filopoulos that "if you are confident in your product, absolute pricing is the best way to draw as many participants as possible," he said.
