1 just price | Definition of just price
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just price

noun

Definition of just price

1 : a price conforming to the doctrine developed in antiquity and elaborated in the medieval period that price should in general correspond to the cost of production
2 : a price approved by common estimate, determined by a legal maximum, or conforming to some other standard of rightness or equity

History and Etymology for just price

translation of Medieval Latin justum pretium

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