price convergence
[/praɪs kənˈvɜːrdʒəns/]
nounpl: price convergences
convergência de preços
1. The process by which prices of similar goods or services in different markets, regions, or countries tend to equalize over time due to increased competition, integration of markets, or arbitrage opportunities.
Price convergence between European markets accelerated after the introduction of the euro.
A convergência de preços entre os mercados europeus se acelerou após a introdução do euro.
2. In economics, the tendency of prices to move toward a common level as market inefficiencies are eliminated through trade and information flow.
Digital platforms have facilitated price convergence in the retail sector by enabling price comparison.
As plataformas digitais facilitaram a convergência de preços no setor varejista ao permitir comparação de preços.
Price convergence is particularly relevant in discussions of global trade, EU integration, and digital commerce. In Brazil, the term is increasingly used in e-commerce and retail contexts as online platforms enable price comparisons. In the USA, it's commonly referenced in economic policy discussions regarding market efficiency and international trade agreements.
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