die Preisabsprache, -n
price agreement
Definition & meaning
Preisabsprache means price-fixing agreement or price collusion: an agreement between competing companies or sellers to set, raise, lower, or maintain prices instead of allowing normal competition.
It usually has a negative and often illegal connotation, especially when companies secretly coordinate their prices. Such agreements can violate competition or antitrust law.
Example:
Die Unternehmen wurden wegen einer illegalen Preisabsprache bestraft.
“The companies were fined for illegal price fixing.”
The plural is die Preisabsprachen.
Grammar & Word origin
- Gender: feminine — die Preisabsprache
- Plural: die Preisabsprachen
- Word type: compound noun
- Components:
The word is related to sich absprechen — to arrange or coordinate something with someone . The prefix ab- suggests reaching an arrangement or settling something together.
Synonyms & antonyms
Synonyms
-
die Preisvereinbarung — price agreement
This is more neutral and can describe a legitimate agreement, whereas Preisabsprache often suggests secret or unlawful coordination. -
die Kartellabsprache — cartel agreement
This specifically emphasizes cooperation between companies that form or behave like a cartel. -
die Preisfixierung — price fixing
This focuses on fixing a specific price or price level and is generally strongly associated with anti-competitive behavior.
Antonyms
-
der Preiswettbewerb — price competition
This is the opposite situation, in which sellers compete by setting their prices independently. -
die freie Preisbildung — free price formation
This refers to prices being determined by supply and demand rather than by an agreement between competitors. -
die Konkurrenz — competition
In general, this contrasts with companies coordinating prices instead of competing with one another.
Common phrases & collocations
- eine Preisabsprache treffen — to make a price-fixing agreement
- eine geheime Preisabsprache — a secret price-fixing agreement
- eine illegale Preisabsprache — an illegal price-fixing agreement
- wegen Preisabsprache bestraft werden — to be punished for price fixing
- gegen Preisabsprachen vorgehen — to take action against price fixing
- Preisabsprachen zwischen Unternehmen — price-fixing agreements between companies
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Examples
Die Preisabsprache ist für beide gut.noun
The price agreement is good for both.
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