{{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 charged for them in a free market. If 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).
== See also == * Interest * 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
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