Nominal price - meimokukakaku (English spelling) nominal price

Japanese: 名目価格 - めいもくかかく(英語表記)nominal price
Nominal price - meimokukakaku (English spelling) nominal price
The relative price of a good measured in money. In other words, it is usually the price attached to the good, and is also called the money price. Nominal prices have the disadvantage that they are subject to the apparent influence of inflation and cannot reflect the real price (real price). For example, even if the nominal price of labor services (i.e. nominal wages) rises, if the nominal price of the goods that workers purchase to maintain their livelihood (wage goods) rises even more, the workers' standard of living will decline.

Source: Heibonsha World Encyclopedia, 2nd Edition Information

Japanese:
貨幣で測った財の相対価格をいう。すなわち,通常,財に付けられている値段のことであり,貨幣価格money priceとも呼ばれる。名目価格は,インフレーションという見かけ上の影響を被り,実質面の価格(実質価格)を反映しえないという欠点をもつ。たとえば労働用役の名目価格(すなわち名目賃金)が上昇しても,労働者が生計を維持するために購入する財(賃金財)の名目価格がそれ以上に上昇する場合には,労働者の生活水準は低下することになる。

出典 株式会社平凡社世界大百科事典 第2版について 情報

<<:  Mayer, Louis B(urt)

>>:  Nomenclature - Nomenclature

Recommend

dew point corrosion

… Intergranular corrosion: Corrosion that occurs ...

Chitose [Village] - Chitose

A village in Ono County, southern Oita Prefecture....

Béroul (English spelling)

...After being banished to the forest of Morois, ...

Velvet bentgrass (English spelling) Velvet bentgrass

...Varieties include Astoria and Highland, and la...

Black-faced Bunting (English spelling)

A passerine bird of the family Emberizidae (illust...

Itsuki's Lullaby - Itsuki's Lullaby

The title of a folk song. Girls who were sent to ...

Communist Party of Vietnam (English: Dang Cong San Viet Nam)

A political party in the Socialist Republic of Vi...

Wang Shan Mountain

...Today it is called the Xuanqin. It is said tha...

Farrukhī (English spelling)

...In the second half of the 10th century, Firdou...

Okinawa People's Party

A political party in Okinawa. Founded in July 1947...

The Miyoshi Trio

Three Miyoshi clan members made up the Miyoshi go...

Ine

…This is a legal code that is said to have been c...

Ieka - Ieka

A general term for species of the genus Culex, or...

protocol

…Most metazoans are divided into protocoelomates ...

Satsumon culture

A culture associated with Satsumon pottery. Distri...