going rate: Idiom Meaning and Origin
What does ‘going rate’ mean?
The idiom "going rate" refers to the prevailing or current price or rate for a particular product, service, or activity. It suggests that there is a standard or accepted value that is commonly understood or expected in a given situation.
Idiom Explorer
The idiom "keep up" means to maintain the same level or pace, or to continue at a sufficient rate. It can refer to staying informed or being able to match or compete with others.
The idiom "keep pace" means to maintain a similar speed, progress, or level as someone or something else.
The idiom "keep pace" has several different meanings, all of which relate to the concept of staying at the same level or speed as someone or something else. It is used both in literal and figurative contexts, and its origins can be traced back to the early 17th century.
The idiom "in this day and age" refers to the present time or era, emphasizing its contrast with the past. It expresses the idea that things have changed significantly and highlights the modern advancements and developments that currently exist.
The idiom "in the offing" means something is likely to happen or is about to occur, especially in the near future.
The idiom "in the offing" is a commonly used expression in the English language. Native speakers understand its specific meaning, which is expected or likely to happen in the near future.
The idiom "in the fast lane" means to be living or working at a fast pace, often associated with a busy or exciting lifestyle full of activity and success.
In the fast lane is an idiomatic phrase that originates from the world of driving. Its meaning has been extended to describe the pace and intensity of life or specific activities. The idiom suggests a sense of speed, urgency, and high activity.
The idiom "in one go" means doing something all at once or in a single attempt, without pausing or stopping. It suggests efficiency and not wasting time.
An idiom is a phrase or expression that has a figurative meaning. One such idiom is "in one go."
"Here we go" is an idiom used to convey the beginning of an event or situation, often with a sense of anticipation or resignation. It suggests that something is about to happen, and the speaker is ready to face it, whether it is a positive or negative experience.
The idiom "have it going on" means to possess a desirable or impressive quality, often in terms of attractiveness, confidence, or success.
Unveiling the Standard
The idiom "going rate" is a commonly used expression in the English language that has evolved over time to convey a specific meaning. This phrase typically refers to the prevailing or current price or value of something. It is often used in economic transactions, negotiations, and pricing discussions. The concept is straightforward: when someone asks about the going rate for a particular product or service, they are essentially inquiring about the average or typical price that is currently being charged.
One interesting aspect of the idiom "going rate" is its versatility. It can be used to describe the price of various goods, services, and even wages. For instance, if someone wants to know the going rate for a car, they are essentially asking for the price at which similar cars are currently being sold. The same principle applies when it comes to services. If someone asks about the going rate for a haircut or a massage, they are seeking information about the average price in the market.
The idiom "going rate" is closely tied to market dynamics. It reflects the idea that prices and values are not fixed but rather fluctuate based on a range of factors. These factors can include supply and demand, competition, and prevailing economic conditions. As a result, the going rate is a reflection of the current state of the market and represents what is considered fair and reasonable within that context.
One way to understand the idiom "going rate" is to think about it in relation to the idiom "price is right." Just like the show "The Price Is Right," where contestants try to guess the correct price of a product, the going rate can be seen as the price that is considered right or appropriate at a given time. It's the price that aligns with market conditions and consumer expectations.
Another related idiom is "go for a song." This idiom conveys the idea of something being sold at a very low price. It suggests that the item is so inexpensive that it feels like you're getting it for the price of a song. The going rate, on the other hand, represents the average or typical price of something, so it may or may not align with the idea of getting a great deal like you would when something goes for a song.
When it comes to quality, the idiom "first-rate" comes to mind. This idiom describes something of excellent quality or high standard. While the going rate focuses on price or value, "first-rate" emphasizes the quality or excellence of a product or service. These two idioms can be related in the sense that the going rate for a first-rate product or service may be higher than the going rate for an average or mediocre one.
Lastly, the idiom "go at a good clip" brings a sense of speed or pace to the idea of the going rate. If something is said to go at a good clip, it means it is moving or progressing at a fast or steady pace. While the going rate refers to the average or typical price of something, "go at a good clip" adds a sense of speed, suggesting that things are moving quickly or efficiently in the market.
The idiom "going rate" encompasses the prevailing or current price or value of something. It is a versatile expression used in various economic and non-economic contexts. The idioms "price is right," "go for a song," "first-rate," and "go at a good clip" offer different perspectives on the concept of the going rate. They provide additional nuances and insights into how the going rate relates to pricing, deals, quality, and pace. Understanding these idioms can deepen our understanding of the complexities of language, communication, and human interactions.
Example usage
Examples of how the idiom "going rate" can be used in a sentence:
- The going rate for a haircut in this town is $20.
- They paid him the going rate for his work.
- She was offered a salary that was significantly higher than the going rate for her position.
More "Finance" idioms
