# price (economic)

the piece of a thing that be given in an interaction

- Computed level: L8 (depth in the emergence graph, not abstraction)
- Status: review  ·  Domain: economic  ·  Arena: price

## Emergence
**Emerges from:** [interaction](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-interaction.process), [difference](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-difference.relation)

**Through:** the interaction and the difference together be that a thing be given for other thing

**Novel properties:**
- exchange condition
- quantified demand

## Examples
- In 2023, a barrel of West Texas Intermediate crude oil traded on the NYMEX futures market for $75.29. *(economics)*
- A Tesla Model 3 listed on Tesla's website in Germany costs €49,990 as of June 2024. *(engineering)*
- The 2010 Flash Crash briefly dropped the price of Accenture stock on the NYSE from $39 to $0.01 in minutes. *(computing)*

## Used by
- [buy](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-buy.economic) (L9)
- [cheap](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-cheap.economic) (L10)
- [discount](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-discount.economic) (L9)
- [money](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-money.economic) (L16)
- [sale](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-sale.commercial) (L19)
- [seller](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-seller.commercial) (L9)
- [value](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-value.worth) (L9)

---
*Canonical: https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-price.economic*  
*Structured data: https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-price.economic.json*  
*Every definition provably resolves to space, time, energy and pattern.*