price gap vs price difference

Both 'price gap' and 'price difference' are correct and can be used interchangeably. They both refer to the variation in prices between two or more items or entities. The choice between 'price gap' and 'price difference' depends on personal preference or the specific context in which they're used.

Explained by Miss E.
Editor at TextRanch

Last updated: May 29, 2024 • 3527 views

price gap

This phrase is correct and commonly used in English.

The term 'price gap' refers to the difference in prices between two or more items or entities. It is often used in economic contexts to describe the disparity in prices.

Examples:

There is a significant price gap between the two products.
The price gap between the two stores is quite noticeable.
The company aims to reduce the price gap between its products.
The price gap in the housing market is widening.
The price gap between the premium and regular versions is substantial.

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Although it is tending to grow narrower, the price gap between organic and conventional products is still great.
The price gap between the CIF and wholesale value of bananas over 1999-2003 was at the average level of 28% for ACP bananas and of 55% for dollar bananas.
It is clear however, that even if some quality differences existed, they could not explain the huge price gap found for steel of similar grades used by the Chinese exporting producers and the Community and Indian producers.
Notes that, in general terms, the 2006 reform of the Union sugar market was successful and achieved the objectives of increasing competitiveness and bridging the price gap between the internal Union and world market;
If the Union industry is put in a position whereby it can achieve a reasonable profit (i.e. 5 % as mentioned in recital 158 of the provisional Regulation), the price gap between Turkish prices and prices on the Union market will narrow.
A claim was made that Community producers were increasingly less exposed to the alleged gas price gap.
Such an expanded policy would also benefit the process of structural adjustment in the acceding countries, since it would help to narrow the price gap.
Enhanced competition could raise productivity, growth and narrow the price gap between Sweden and the rest of the EU.
Indeed, the current investigation established a significant price gap between domestic prices and world prices.
Excise duty on beer is very high in our country but, ladies and gentlemen, what we cannot eliminate is the price gap that exists between us and our neighbour to the east.
The fluctuation in currency would push up the prices of the dumped imports that are traded in EUR so as to close the price gap between the dumped imports and Union producer prices.

Alternatives:

price difference
price variance
price differential
price disparity
price discrepancy

price difference

This phrase is correct and commonly used in English.

The term 'price difference' also refers to the variation in prices between two or more items or entities. It is a common phrase used in everyday language and business discussions.