Cost - Value - Expense - Worth
These words all refer to the amount of money that you have to pay for sth.
Price the amount of money that you have to pay for an item or service: House prices. | How much are these? They don’t have a price on them. | I can’t afford it at that price.
Cost the amount of money that you need in order to buy make or do sth: A new computer system has been installed at a cost of £23 000.
Value how much sth is worth in money or other goods for which it can be exchanged: The winner will receive a prize to the value of $1000. Remember that especially in British English, value can also mean how much sth is worth compared with its price: This restaurant is excellent value (=is worth the money it costs).
Expense the money that you spend on sth; sth that makes you spend money: The garden was transformed at great expense. | Running a car is a big expense.
Worth the financial value of sb/sth: He has a personal net worth of $11 million. Remember that worth is more often used to mean the practical or moral value of sth.
PRICE, COST OR VALUE?
The price is what sb asks you to pay for an item or service: To ask/charge a high price. | To ask/charge a high cost/value. Obtaining or achieving sth may have a cost; the value of sth is how much other people would be willing to pay for it: House prices. | The cost of moving house. | The house now has a market value of one million pounds.
PATTERNS
*the high price/cost/value
*the real/true price/cost/value/worth
*to put/set a price/value on sth
*to increase/reduce the price/cost/value/expense
*to raise/double/lower the price/cost/value
*to cut the price/cost
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Top Tips Abz Ingles - Notes on usage - Synonyms
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See also:
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