# Market rate

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{{short description|Usual price charged for a good or service in a free market}}
The '''market rate''' (or "going rate") for goods or services is the usual [price](/source/price) charged for them in a [free market](/source/free_market). If [demand](/source/demand) goes up, manufacturers and laborers will tend to respond by increasing the price they require, thus setting a higher market rate. When demand falls, market rates also tend to fall (see [Supply and demand](/source/Supply_and_demand)).

== See also ==
* [Interest](/source/Interest)
* [Market price](/source/Market_price)

==References==
{{Reflist}}

==External links==
*[http://www.businessdictionary.com/definition/market-rate.html Business Dictionary] {{Webarchive|url=https://web.archive.org/web/20120107021545/http://www.businessdictionary.com/definition/market-rate.html |date=2012-01-07 }}

Category:Free market

{{econ-stub}}

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Adapted from the Wikipedia article [Market rate](https://en.wikipedia.org/wiki/Market_rate) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Market_rate?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.