overpriced

Meanings

• adjective

  Sold or priced higher than its actual or reasonable value.

  - "The store was selling old books at overpriced rates."
  - "The restaurant served average food at overpriced prices."

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Rhymes

Words rhyming with overpriced
miced , piced , viced

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Variants

List of all variants of overpriced that leads to same result
overprice , overpriced , overprices , overpricing

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Etymology

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

The term 'overpriced' is derived from the words 'over' meaning above and 'priced' meaning the price. It is used to describe goods or services that are sold at a higher price than their actual or reasonable value.

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Trivia

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

1. Did you know that the term 'overpriced' is often used in the context of real estate? Homes that are priced significantly higher than their market value are considered overpriced.

2. The concept of overpricing can also apply to intangible assets, such as intellectual property. Patents and trademarks that are priced too high may not generate enough revenue to justify the investment.

3. Overpricing can be a deliberate strategy used by businesses to create a perception of exclusivity and increase demand for a product. However, this strategy can backfire if customers feel they are being taken advantage of.

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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. markup: The difference between the cost of an item and its selling price. Markup is used to calculate profit margins and can be expressed as a percentage or a fixed amount.

2. undervalued: The opposite of overpriced, where an item or asset is priced lower than its actual or reasonable value.

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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.

The concept of overpricing is prevalent in various aspects of society, including businesses, art markets, and even real estate. Overpricing can lead to consumer dissatisfaction and can negatively impact a business's reputation. In literature, the term 'overpriced' has been used metaphorically to describe intangible values that are deemed too high, such as love or ambition.

How to Memorize "overpriced"

1. visualize
   

   - Imagine a store with price tags that are significantly higher than the market value of the items. Visualize customers expressing their disappointment and frustration.

2. associate
   

   - Associate the word 'overpriced' with words like 'expensive,' 'exorbitant,' and 'unreasonable' to help remember its meaning.

3. mnemonics
   

   - Use the mnemonic 'Price Above Value' to help remember the definition of overpriced.

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