Price:
Price is the amount paid by the buyer to the seller for the purchase or in exchange of goods or services.
Value:
Value is the measure of economic benefit provided by the goods or commodities.
Differences:
| Basis | Price | Value |
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| Definition (www.oxforddictionaries.com) |
The amount of money expected, required or given in payment for something. | The regard that something is held to deserve the importance, worth or usefulness. |
| Objectives/Purpose | The objectives of pricing are:
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| Synonyms | Amount, expenditure, rate, worth and fee | Cost, expense, rate , price and profit |
| Antonyms | Cause, punishment and penalty | Disadvantage and detriment |
| Pronunciation |
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| Word origin | The word price was first originated in the 13th century from the Middle English pris. | The word value was first used in the 14th century from the Middle English worth, high quality. |
| Example in Sentence |
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