world price

Definitions

Economics

  • The price of a good on the "world market," meaning the price outside of any country's borders and therefore exclusive of any trade taxes or subsidies that might apply crossing a border into a country but inclusive of any that might apply crossing out of a country.
  • abbreviationinternational price
    (written as World price)
  • world price
http://www.dictionarycentral.com/definition/world-price.html