ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The price of something is the amount of money that you have to pay in order to buy it.

Detailed explanation-2: -Some common synonyms of repay are compensate, indemnify, pay, recompense, reimburse, remunerate, and satisfy.

Detailed explanation-3: -Some common synonyms of pay are compensate, indemnify, recompense, reimburse, remunerate, repay, and satisfy. While all these words mean “to give money or its equivalent in return for something, ” pay implies the discharge of an obligation incurred. paid their bills.

Detailed explanation-4: -OTHER WORDS FOR cost 1 charge, expense, expenditure, outlay. 3 detriment.

Detailed explanation-5: -Cost is typically the expense incurred for making a product or service that is sold by a company. Price is the amount a customer is willing to pay for a product or service. The cost of producing a product has a direct impact on both the price of the product and the profit earned from its sale.