price scissors; price disparity gap
Meanings
2 senses · 5 examplesnoun
price scissors; price disparity gap
formalAn economic term describing a widening gap between the prices of two categories of goods (e.g., industrial vs. agricultural products). The name comes from the shape of a pair of scissors on a chart.
The historical price scissors between industrial and agricultural products adversely affected farmers' incomes.
This economic report analyzes the price scissors between energy and food prices in recent years.
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Narrowing the income disparity gap between urban and rural areas is a key goal for the government.
noun
unreasonable price ratio between industrial and agricultural goods
formalOften specifically criticizes an unjust pricing system where the price of industrial goods rises relative to agricultural goods, hurting farmers.
In the early stages of reform, the government focused on eliminating the price scissors between industrial and agricultural products.
This price scissors phenomenon has led to a decline in enthusiasm for agricultural production.