own-price

The compound adjective "own-price" is a modern economic term constructed from two native English elements. "Own," with its roots in Old English, conveys the sense of possession or self-relation. "Price," entering English via Old French from Latin, denotes monetary value. The term's logic is transparently literal: it directly combines these concepts to specify that the price under consideration is intrinsic to the specific good or service itself. This formation allows for a clear distinction in economic analysis from related concepts like "cross-price," which concerns the price of other goods.

Structure: own (possessive) + price (monetary value) own: From Old English āgen, meaning "possessed by oneself, proper, peculiar." It functions as a possessive adjective in this compound. price: From Old French pris, meaning "value, worth," and ultimately from Latin pretium, meaning "price, value, reward." It functions as the core noun in this compound.