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 • 3765 views

This phrase is correct and commonly used in English.

"price gap"

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.

Show examples from the web [+]

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

This phrase is correct and commonly used in English.

"price difference"

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.

Examples:

The price difference between the two models is minimal.
Can you explain the price difference between these two options?
There is a noticeable price difference between the products.
The price difference between the competitors is significant.
We need to analyze the price difference before making a decision.

Show examples from the web [+]

Peaking of price difference is huge.
The price difference therefore seems to reflect market conditions.
In my opinion, the price difference will involve such a substantial change that the references to the old prices will quickly disappear.
This price difference amounted to up to 24 % of the export price level.
The price difference was expressed as a percentage of the CIF import value.
The price difference so obtained was then applied to the weighted average Eurostat prices.
Moreover, the price difference found is close to the export tax imposed on DET.
Since Hardware has not demonstrated any such price difference.
In any event, the expert observes that this price difference no longer exists.
The cumulative impact of those quality differences could thus correspond to a price difference in the range of 10-15 %.
This price difference again shows that exports to the Community may be made at dumped prices should measures be repealed.
The prices of those tenders shall be considered equivalent for the purposes of this Article, if the price difference does not exceed 3%.
In other words, for all Member States of the European Union the same exhaustion regime applies yet there is a 40% price difference in electronic goods between Sweden and Germany.
Therefore, it is being proposed that subject B should pay VAT on the price difference to the state's treasury.
That price difference leads to dumping, which is why we have applied the appropriate measures in relation to Russia and the Ukraine.
This price difference can be partially explained by the findings of the original investigation i.e. by a different product mix of these producers.
The prices of those tenders shall be considered equivalent for the purposes of this Article, if the price difference does not exceed 3 %.
In fact, the investigation established that overall this price difference ranged in the RIP between 15 % and 27 %.
In fact, the investigation established that this price difference was on average around 4 % in the RIP.
The price difference was far outweighed by the much smaller risk in the event of a sale to GRAWE.

Alternatives:

price gap
price variance
price differential
price disparity
price discrepancy

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price gap vs price difference

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