What is the difference between price and prize?
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1. Price is the cost or value of something in terms of money -for example: the price of this bag is $200. It can also be used in a way that is not literally money. For example; He cheated on the exam and paid the price of not entering university. (this means he paid the consequences ,got a negative result from his action of cheating) 2. Prize means- an award or reward given to someone for something they did. Prize also have a different meaning when used as a verb. meaning: valuing something extremely high.
Price is the amount of money you need to pay for a product. Prize is something that you win. It's a reward.
Whenever there are questions asking about the difference between two words I just write their meanings and use. I hope it works. Price: Price is the cost required to gain possession of something. Prize: Prize is something that one wins in a competition or game.
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Price is the value of something, the cost of something whereas prize is a something given as a reward to a winner in a competition due to an outstanding achievement.
Price is amount of money you need to pay for something. For example, when you go to a store, you need to check the price tag to see how much something costs. Prize is something you win or receive as a reward for achieving or winning something. For example, if you win in a competition, you might receive a trophy as a prize.
Although there is a difference of just 1 letter in both words, as you realize, their meanings are different. Price- this refers to cost, meaning what needs to be paid to purchase an item. For example, "What is the price of the bread?" Prize- this refers to a reward for the winner of a competition or can be used to refer to an award that is given. For example, "She won the first prize in the art competition."
- Mariya KehayovaOne year offline and online experience, CAE and teaching certificate.
A prize is something you can win for example. A price is how much a particular thing cost.
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